Silver futures extend losses for a second day as MCX July contract drops ₹1,705 ahead of Fed decision

Silver futures fell for a second straight session, with the MCX July contract down ₹1,705 to ₹2.48 lakh per kg. Comex silver slipped below $70 an ounce to $69.87. Markets are awaiting the US Federal Reserve’s policy decision, with rates widely expected to remain unchanged but investors watching updated projections and guidance for clues on the future rate path. Analysts said uncertainty over the Fed’s outlook has kept investors on the sidelines, limiting fresh buying in the metal.