Silver Prices Plummet Today: Big Drop on MCX, International Markets; Gold Also Declines

• Silver prices experienced a significant drop today, February 5th, with a 6% lower circuit opening.
• In the international market, Comex saw silver prices fall by 9.73% to $76.045 per ounce.
• Gold prices also declined on MCX, dropping by ₹4,000 per 10 grams, now at ₹149,000 per 10 grams.
• The fall is attributed to profit booking following the dollar's strength and a recent sharp rally in precious metals.
• Despite the initial fall, prices have stabilized due to increased buying at lower levels, with silver and gold seeing slight increases in Delhi's bullion market today.