Gold and silver prices slide as profit-taking accelerates

Gold prices declined across Indian markets as profit-booking sentiment dominated trading, with prices slipping ₹214 per gram during the session. Silver extended its losses, falling ₹1,921 per kilogram as investors moved to lock in gains from the recent rally in precious metals.

Globally, gold was trading near $4,680 per ounce on the Comex exchange, reflecting cautious sentiment among international investors. Silver quoted around $67.80 per ounce in overseas markets, down from previous trading levels as risk appetite showed signs of improvement.

The pullback in precious metals comes amid mixed signals from global markets, with investors reassessing their holdings following a sustained period of strength. Analysts attributed the correction to typical profit-taking activity rather than any fundamental shift in market dynamics.

Market participants remain focused on macroeconomic developments and monetary policy cues that could influence precious metals demand in coming sessions. Gold and silver have maintained their appeal as safe-haven assets despite the recent price correction.