Gold, silver futures slide for 2nd straight day on profit booking...

Key Highlights

• Silver futures also witnessed heavy selling pressure on the MCX amid cautious positioning by traders.
• The white metal for the March contract tumbled by Rs 7,365, or 2.94 per cent, to Rs 2,43,240 per kilogram in 12,295 lots.
• On Wednesday, the metal had touched a new record of Rs 2,59,692 per kg before settling at Rs 2,50,605 per kg.
• In the last two trading sessions, silver prices have crashed by Rs 16,452, or 6.33 per cent.
• “Gold and silver extended losses from the previous session, as investors assessed mixed US economic data while geopolitical developments remained a key focus,” Jigar Trivedi, Senior Research Analyst at Reliance Securities, said.