Silver futures in India fell more than 11% on Monday morning tracking weak world markets, while gold futures lost 4%.
At 10:48 a.m., the most-active silver for December delivery on the Multi Commodity Exchange was down 10.72% to Rs 47,932 per kg, while gold for October delivery was 3.67% lower at Rs 25,735 per 10 grams.
Gold and silver prices tumbled in the world market on Monday as investors liquidated their positions on fears of an impending recession.
