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Bullion-linked stock reacts as precious metal momentum eases
Cooling bullion prices triggered selling pressure in MMTC shares, highlighting the stock’s sensitivity to short-term movements in gold and silver markets.
Trading pressure emerged in MMTC Ltd after prices of gold and silver cooled off from recent record highs across domestic and global markets. The stock slipped nearly 5 percent during Tuesday’s session, touching an intraday low of Rs 67.21 on the BSE. The decline reflected shifting sentiment toward bullion-linked companies as precious metal prices corrected after a strong rally.