Silver prices plunge Rs 17,500 in a day as duty hike gains vanish fast

Published on 15 May 2026

Silver slipped below pre-duty hike levels

Silver prices on MCX crashed, losing up to Rs 17,500 in a day and falling back below levels seen before the recent customs duty increase. The move followed weaker demand at higher prices, a softer industrial outlook, and a global picture clouded by growth concerns. With safe-haven buying fading and import duties jumping sharply, silver has entered a highly volatile phase.

MCX silver fell as much as Rs 17,500 in one day
Prices slipped below pre-customs duty hike levels
Demand weakened as prices stayed elevated
Import duty jump and global growth fears hit sentiment

#commodities #mcx #markets #import duty #silver

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This summarization was done by Beige for a story published on The Economic Times

Silver prices plunge Rs 17,500 in a day as duty hike gains vanish fast

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