Gold Prices Decline by Rs 1,000 from Peak; Silver Falls Sharply by Rs 2,800
Gold prices dropped by almost Rs 1,000 from their record high, trading at Rs 85,700 per 10 grams on MCX. Silver fell significantly by Rs 2,800 over the past week, with futures quoted at Rs 94,249 per kg. US Spot Gold prices dipped by over 0.5%, with COMEX gold hovering above $2,910 per ounce. Delhi bullion market showed resilience, with 99.9% pure gold rising by Rs 250 to Rs 89,350 per 10 grams. Silver in the Delhi market continued to fall, declining Rs 500 to Rs 99,500 per kg. Market factors influencing prices include US inflation concerns, Federal Reserve policies, exchange rates and domestic demand.Key Highlights:Gold and Silver Prices Drop Amid Market Volatility:MCX Futures: Decline Continues:Mixed Trends in Delhi Bullion Market:Global Market Impact on Gold Prices:Gold ...