Silver Plunges 2% to Rs 2.5 Lakh/kg; Gold Rises Rs 700 per 10 gms

• Silver prices dropped by 2 percent to Rs 2.5 lakh per kilogram in the national capital on Monday.
• Gold of 99.9 percent purity advanced by Rs 700 to Rs 1,59,200 per 10 grams.
• Investors booked profits in silver after a weekend rally, while central bank purchases and safe-haven demand supported gold.
• Global spot silver fell nearly 1 percent to USD 76.94 per ounce; gold slipped 1 percent to USD 5,003.01 per ounce.
• Traders await US Federal Reserve's PCE price index and FOMC minutes for future rate-cut expectations.