Bullion futures retreat amid profit-taking halts

Silver prices retreated from their record high to Rs 1,78,777 per kilogram and gold futures declined to Rs 1,30,266 per 10 grams as traders booked profits in tandem with a weak trend in global markets.

On the Multi Commodity Exchange (MCX), silver futures for March 2026 delivery tumbled by Rs 3,253, or 1.79 per cent, to Rs 1,78,777 per kilogram in 14,678 lots.

The white metal snapped a seven-day winning streak after hitting a lifetime high of Rs 1,82,998 per kg on Monday, when it surged by Rs 8,017, or 4.6 per cent.

Gold futures also moved lower with the February 2026 delivery falling by Rs 386, or 0.3 per cent, to Rs 1,30,266 per 10 grams in a business turnover of 13,413 lots on the MCX.