Gold & Silver Prices Fall: BCOM Rebalancing Blamed for Decline

• Gold prices fell for the third consecutive day, with 24-carat gold down ₹830 and 22-carat down ₹760 over three days.
• Silver also saw a decline for the second day, dropping ₹5100 per kg in Delhi over two days.
• The primary reason for the fall is the Bloomberg Commodity Index (BCOM) annual rebalancing process, occurring between January 9 and 15.
• Deutsche Bank analyst Michael Hsueh predicts sharp selling in gold and silver due to this rebalancing.
• City-wise gold rates for 18, 22, and 24-carat gold are provided for 10 major Indian cities.

Why It Matters: Gold and silver prices are declining due to the Bloomberg Commodity Index rebalancing process.