Gold & silver prices retreat sharply after record highs amid profit-booking

Gold and silver corrected after reaching records, driven by profit-taking, weaker physical demand and a firmer U.S. dollar.

Live Market Updates

Latest Financial News

neutral
50 days ago

Gold & silver prices retreat sharply after record highs amid profit-booking

Gold and silver in India pulled back significantly this week after record rallies, with gold futures down around 2.8% and silver futures down roughly 5.8% on the Multi Commodity Exchange. Analysts attribute the drop to profit-booking, weaker physical demand in Asia and a stronger U.S. dollar. With global central-bank meetings and trade-policy shifts approaching, bullion investors are now watching for consolidation more than further upside. The correction may offer a buying window, but volatility remains elevated as macro signals remain fluid.
Tags:
  • commodities
  • gold