Gold and silver prices eased in early trade Thursday on the MCX as investors booked profits after record highs. December gold futures slipped 0.34% to ₹1,22,789 per 10g, while silver dropped 0.75% to ₹1,48,738 per kg amid global cues.
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Mumbai: Gold and silver prices fell in early trade on Thursday, on the Multi Commodity Exchange (MCX), as investors booked profits after both metals hit record highs in the previous session.
At around 9:15 am, MCX Gold December futures were down 0.34 per cent at Rs 1,22,789 per 10 grams, while MCX Silver December futures slipped 0.75 per cent to Rs 1,48,738 per kg. In Wednesday’s session, gold futures for December delivery had touched an all-time high of Rs 1,23,450 per 10 grams, and silver had hit a fresh peak of Rs 1,50,282 per kg.
The Dollar Index rallied to 98.90 due to political instability in France and Japan, which pressured commodities. Oil fell 0.67 per cent to $62.13 per barrel as Trump announced progress on the ceasefire and inventories exceeded expectations, easing geopolitical risk premiums, as per the experts.
