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Gold and silver prices fall sharply across Indian cities amid global pressure
Gold and silver prices fell across India on February 2, with 24K and 22K gold correcting amid dollar strength and profit booking.
Gold and silver prices declined sharply across India on February 2 as global cues turned negative. 24K gold rates dropped in major cities, while 22K gold also saw a steep correction, easing retail prices. Silver prices recorded a sharper fall due to weak industrial demand outlook. Analysts attributed the crash to a stronger dollar, rising bond yields, and profit booking after recent highs.