Gold prices eased from record highs near 4900 dollars an ounce after risk sentiment improved. Markets reacted to comments from Donald Trump signaling progress on a Greenland related deal, reducing immediate geopolitical anxiety. A firmer dollar and profit booking also pressured bullion. Analysts said gold remains structurally supported by central bank buying, inflation hedging demand, and lingering global uncertainty as investors reassessed near term momentum.

Silver exchange traded fund prices dropped nearly 20%, ending a multibagger rally that had attracted strong retail participation. Analysts attributed the decline to profit booking, global commodity price corrections, and weaker risk appetite. The sharp reversal highlighted volatility risks in commodity linked investments, prompting investors to reassess exposure amid fluctuating global demand, macro uncertainty, and changing sentiment across precious metals markets globally.