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Gold pauses after nine-week rally, silver slips amid profit-booking
Gold and silver prices cooled after rallying for nine weeks, as profit-booking and global softness prompted a pause ahead of key U.
Gold prices in India paused on 26 Oct after a strong nine-week rally, with 24-carat trading at ~₹1,25,620 per 10 g and 22-carat ~₹1,15,150 per 10 g, while silver hovered around ~₹1,47,150 per kg. Analysts pointed to profit-booking and softer global cues as drivers of the correction ahead of the U.S. inflation release. Jewellery-demand season also remains in focus, though the price pause may present a buying window. The metals’ runs had been driven by safe-haven demand and inflation fears, making this moderation noteworthy.