World · India Bureau
Gold and silver prices slide sharply as markets open Monday
Precious metal prices tumbled at the opening of trade Monday, with silver posting particularly steep losses. Silver has retreated nearly ₹1.95 lakh per kilogram from recent highs, according to multi-commodity exchange data.
LSN India ·
Gold and silver prices declined significantly as markets opened Monday, extending weakness in the precious metals complex. Trading on multi-commodity exchanges reflected downward pressure across both metals, with dealers reporting sharp drops from opening levels.
Silver bore the brunt of selling pressure, posting substantial losses as prices retreated from recent peaks. The white metal slumped nearly ₹1.95 lakh per kilogram from its highs, marking a considerable correction in the current trading session.
Gold also traded lower amid the broad-based decline in precious metals. The sharp moves came as investors reassessed positions in the commodity complex on Monday's opening.
The pullback in both metals reflects shifting market sentiment, though dealers are monitoring broader economic factors that typically influence precious metal valuations. Traders will watch for any signals regarding monetary policy and currency movements that could impact prices going forward.