Image Source : Free Press Journal
In the national capital, gold of 99.9% purity was quoted at Rs 1,64,100 per 10 grams, marking nearly a 1% decline. Silver also saw a correction, falling to Rs 2,71,700 per kilogram. The All India Sarafa Association confirmed the dip, noting that traders locked in gains after the recent surge in precious metal prices.
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Global Market Influence
The fall comes amid mixed global trends. Rising US bond yields and a stronger dollar weighed on bullion prices, even as geopolitical tensions in the Middle East continued to support safe-haven demand. Analysts suggest that volatility may persist as investors balance profit booking with global uncertainties.
Investor Outlook
Despite the short-term decline, experts believe gold and silver remain attractive for long-term investors seeking portfolio diversification. However, near-term fluctuations are expected as global economic signals and currency movements continue to impact precious metals.
Key Highlights
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Gold declines Rs 1,100 to Rs 1.64 lakh/10g
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Silver slips Rs 600 to Rs 2.71 lakh/kg
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Profit booking drives correction after recent rally
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Stronger US dollar and rising yields weigh on prices
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Safe-haven demand remains amid geopolitical tensions
Sources: Deccan Herald, Rediff Money, Free Press Journal, Daily Excelsior
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