Silver tumbles below ₹2 lakh per kg as selling intensifies

Silver prices slipped below the ₹2 lakh per kilogram level during early trade on Monday, extending losses from the previous session amid persistent selling pressure in the domestic market. The white metal's descent highlighted broader weakness across the precious metals complex, with investors trimming positions across both bullion and futures contracts.

Gold prices similarly declined in tandem with silver, reflecting a cautious sentiment among traders and investors. The yellow metal failed to hold earlier support levels, signaling reduced demand at current valuations and contributing to the overall bearish momentum in the sector.

The selling pressure across precious metals comes as investors reassess their portfolios amid evolving macroeconomic conditions. Market participants noted increased liquidation activity, suggesting traders were exiting long positions accumulated during earlier rallies.

Analysts attributed the weakness to a combination of technical selling and profit-taking following the previous session's sharp losses. The breach of key support levels in silver has prompted fresh concerns about further downside risk in the near term, with traders closely monitoring major psychological price levels.