The MCX Silver September futures have plunged over 1.5 per cent in evening trades on the back of over 2 per cent fall in the NYMEX futures. The open interest for the September contract has jumped by 1,000-odd lots so far on the MCX.
The MCX Gold August futures has declined 0.7 per cent in evening deals.
In the last five trading sessions, the MCX Gold August futures have tumbled 1.7 per cent, Rs 492.
The MCX Silver Sept futures have recovered most of its losses, owing to weakness in the Indian rupee.
MCX Gold futures are trading at Rs 27,742 per 10 grams.
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Daily Guarseed Outlook on 25 July