Gold, Silver Prices Fall: Profit-Booking & Dollar Strength Drive Decline After Record Highs

• Gold and silver prices saw a decline due to profit-booking after reaching new record highs.
• A slight strengthening of the US dollar also contributed to the fall in precious metal prices.
• Spot gold fell 1% to $4,452.97 per ounce internationally, while US gold futures dropped 0.7% to $4,462.70 per ounce.
• Spot silver declined 2.5% to $79.26 per ounce internationally, with MCX prices falling over 3%.
• Analysts predict the main trend remains supportive, but short-term profit-booking and dollar recovery are influencing prices; gold could see 10-15% increase in 2026, but also a 20% fall under pressure.

Why It Matters: Profit-booking and a stronger dollar caused gold and silver prices to dip after record highs, with mixed future forecasts.