Gold and silver, after experiencing a major downfall on budget day, continued to extend their decline on Monday. The reasons behind their decline are majorly because the margin requirements are set to take effect on the Chicago Mercantile Exchange (CME) in the US. 

MCX gold futures on Monday, February, fell 1.77 per cent to Rs 1,45,132 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures dipped 6.88 per cent to Rs 2,47,386 per kg.