Gold Futures Drop on Profit Booking; Silver Surges Amid Rate Cut Hopes & Geopolitical Tensions

• Gold futures fell for the second consecutive day due to profit booking and weak global cues, with prices dropping by Rs 783 to Rs 1,33,738 per 10 grams on MCX.
• Comex gold futures also slipped by USD 10.1 to USD 4,354.4 per ounce, despite being near its October record high.
• Silver futures for March 2026 surged by Rs 1,628 to Rs 2,05,193 per kilogram on MCX, showing a positive trend after an initial dip.
• Softer US inflation data (November CPI at 2.7%, core CPI at 2.6%) strengthens expectations for potential Federal Reserve interest rate cuts.
• Rising geopolitical tensions and increased chances of US Fed rate cuts are supporting silver prices, with investors pricing a 25% chance of a January rate cut.

Why It Matters: Gold dips on profit booking, while silver gains on rate cut hopes and geopolitical tensions.