MCX Evening Update: Precious metals weak, Silver tanks 2%

MCX Gold futures stayed under sustained pressure today, though there has been a intraday recovery in the metal. The counter tested lows under Rs 142000 per 10 grams in morning trades and currently trades at Rs 142854 per 10 grams, down 0.32% on the day. MCX Silver has slumped heavily and trades down 2% at Rs 195518 per kg after prices slumped under Rs 200000 per kg mark.

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