Gold, Silver Retreat from Record Highs Amid Strong US Dollar, Weak Global Cues

• Silver futures dropped by ₹4,027 to ₹287,550 per kg, ending a five-day record-breaking rally.
• Gold prices slipped to ₹1,42,601 per 10 grams due to profit-booking and a stronger US dollar.
• The decline is attributed to weak global trends, a stronger US dollar, and reduced safe-haven demand.
• Weaker-than-expected US jobless claims strengthened the US dollar, impacting precious metals.
• International markets also saw corrections, with silver on Comex slipping to USD 90.41 per ounce and gold to USD 4,601.8 per ounce.

Why It Matters: Gold and silver prices retreated from record highs due to a strong US dollar and profit-booking.