Silver Plummets ₹12,500, Gold Dips ₹900 Amid Profit-Booking

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CNBC TV18•08-01-2026, 20:35
Silver Plummets ₹12,500, Gold Dips ₹900 Amid Profit-Booking
- •Silver prices crashed ₹12,500 to ₹2,43,500/kg in the national capital, after hitting a record high of ₹2,56,000/kg.
- •Gold declined by ₹900, settling at ₹1,40,500 per 10 grams (99.9% purity).
- •The decline is attributed to global profit-booking, easing safe-haven demand, and a stable US dollar.
- •In international markets, spot gold fell 0.67% to USD 4,426.91/ounce, while silver dropped 3.22% to USD 75.67/ounce.
- •Investors are cautious ahead of US Supreme Court rulings on Trump tariffs and December labour market data.
Why It Matters: Precious metals saw sharp declines due to profit-booking and cautious investor sentiment ahead of key US events.
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