Silver rate today: Silver price falls over 3% to Rs 1.93 lakh per kg on MCX - India Today

AI desk brief

MCX silver fell sharply on Oct. 23, trading at Rs 1,93,545/kg at 10:11 am, down Rs 6,054 or 3.03% from the prior close. The contract printed an intraday high of Rs 1,96,924/kg and a low of Rs 1,92,800/kg, while India Bullion Rates showed 999 silver at Rs 1,93,980/kg, down Rs 6,400 or 3.19%.

The article does not identify a specific catalyst for the selloff, but notes silver is sensitive to international bullion moves, the US dollar, rates expectations, and industrial demand. It also flags the usual divergence between MCX futures and local physical pricing, with nearby support implied by the day's low around Rs 1,92,800/kg.