Gold, Silver Futures Decline After Record Highs; Profit Booking, Strong Dollar Cited

• Gold and silver futures saw sharp declines on Friday due to profit booking after reaching record highs.
• Silver March futures plunged 3.04% to Rs 3,87,724 per kg on MCX, after hitting a record of Rs 4,20,048.
• Gold February futures dropped 1.28% to Rs 1,67,241 per 10 grams, following a peak of Rs 1,80,779.
• A rebound in the US dollar and bearish global sentiment contributed to the price correction.
• Despite the pullback, both metals are set for strong monthly gains, with silver marking its best monthly performance on record.

Why It Matters: Gold and silver futures declined from record highs due to profit booking and a stronger US dollar.