Gold, Silver Prices Drop from Record Highs: Profit Booking Amid Global Trends

• Silver futures fell by 4,027 rupees to 2,87,550 rupees/kg, ending a five-day rally.
• Gold prices dropped by 520 rupees to 1,42,601 rupees per 10 grams.
• Profit booking by investors, weak global trends, and a strong US dollar contributed to the decline.
• International markets also saw a dip in gold and silver prices during Asian trading hours.
• Expectations of Federal Reserve rate cuts being pushed back to H2 2026 strengthened the dollar, pressuring bullion prices.

Why It Matters: Gold and silver prices declined from record highs due to profit booking, global trends, and a strong dollar.