Gold prices fall below Rs 1.54 lakh per 10 grams on the MCX, while silver declines sharply, dropping by about Rs 3,200 per kilogram. The move is attributed to profit booking by traders.
Market coverage links the decline to currency and global sentiment factors. Reports point to a slight rebound in the US dollar index, which tends to put pressure on dollar-denominated commodities like gold and silver. They also cite fading expectations around US-Iran peace talks, which influences risk appetite and can affect safe-haven demand.
While the two sources focus on the same price moves and broad drivers, they frame the change in slightly different phrasing. Both emphasize that the fall is part of short-term trading activity rather than a longer-term break in trend, and both highlight the MCX price impact for gold and silver.
