Silver- and gold-based commodity ETFs fell up to 10% on Friday after precious metal futures traded sharply lower on the MCX, extending losses for a second consecutive session.

The decline followed a global sell-off in technology stocks and a strengthening US dollar, which erased most of the gains from a brief rebound earlier in the week.

On Friday, the Kotak Silver ETF led the losses, sliding 10%, while the HDFC Silver ETF, SBI Silver ETF and Edelweiss Silver ETF fell about 9% each. Bandhan Silver ETF recorded the smallest decline, down around 6%.

Among gold ETFs, the Angel One Gold ETF slipped 8%, followed by the Zerodha Gold ETF, which declined 5%.