Gold, Silver Dip on Profit Booking; Fed Rate Cut & Rupee Weakness Support

• Gold and silver prices showed softness on MCX due to profit booking on Friday, December 12.
• MCX Gold February contract traded at ₹132,360.00/10g (down 0.09%), and MCX Silver March contract at ₹198,104.00/kg (down 0.56%).
• Previous gains were driven by the US Federal Reserve's 25 basis point rate cut and a weaker Dollar Index, making gold cheaper for foreign buyers.
• Prithvi Finmart's Manoj Kumar Jain advises buying MCX COPPER (DEC) around ₹1100 (Stop Loss ₹1088, Target ₹1124).
• Jain also recommends buying Gold February contract around ₹131800 (Stop Loss ₹130660, Target ₹134000).

Why It Matters: It provides expert investment advice for gold and copper.