Silver slid to ₹2.25 lakh per kg on the MCX, a 0.93% dip from yesterday’s close of ₹2.27 lakh.
The contract is ₹2,064 per kg lower than the prior close, marking a ₹2,000 fall that echoes Monday’s sell‑off.
In the capital the spot fell ₹5,000 to ₹2.32 lakh per kg, while globally the metal slipped 4.6% to $61.34 an ounce as a stronger dollar and higher Treasury yields choked liquidity.
Vikram Subburaj, CEO of Giottus.com, warned that rising US yields and a hawkish Fed outlook are tightening the bullion market, and Satish Dondapati of Kotak Mutual Fund noted that higher crude prices could amplify inflation and keep the Fed rate‑hike probability high, yet he remains bullish on a medium‑term rally driven by global debt, central‑bank buying and portfolio reallocation.
For traders, Subburaj recommends tightening stop‑losses and scaling out of leveraged positions, while long‑term investors are advised to stagger buys to avoid timing the dip.
Looking ahead, market watchers will track US inflation data, Treasury yields, the dollar index and oil prices, all of which could continue to fuel near‑term volatility before a gradual recovery.