MCX precious metals trade mixed amid post-rally profit taking

Gold traded flat and silver declined on MCX due to profit booking, following a strong rally sparked by the US Fed’s rate cut and easing outlook.

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3 days ago

MCX precious metals trade mixed amid post-rally profit taking

MCX precious metals trade mixed amid post-rally profit taking
Early trade on December 12 saw gold prices hold steady while silver eased on the MCX as traders booked profits after a sharp rally. Gold February futures were marginally higher at Rs 1,32,599 per 10 grams, supported by rate-cut expectations, while silver March contracts slipped to Rs 1,97,951 per kg after touching a record high in the previous session. 
Tags:
  • gold prices
  • silver prices