Gold prices fall on profit-taking; experts share commodity tips

• Gold prices decreased due to profit booking, with MCX February Gold Futures dropping 0.48% to 1,33,492 per 10 grams.
• MCX March Silver Contracts also fell 1.64% to 1,94,657 per kg.
• Investors are awaiting the US Nonfarm Payroll report for insights into the Federal Reserve's monetary policy outlook, with a 76% chance of a January rate cut.
• Experts predict volatile gold and silver prices this week, influenced by US economic data, central bank meetings (BoE, BoJ), and Russia-Ukraine conflict news.
• Prithvi Finmart's Manoj Kumar Jain recommends buying MCX Copper (Dec) around 1096 (target 1120, SL 1084) and Gold February contract around 133600 (target 135000, SL 132800).

Why It Matters: Market volatility and expert advice impact commodity investment decisions.