World · India Bureau
Gold, silver prices fall sharply after early morning surge on MCX
Precious metals prices reversed gains on the Multi Commodity Exchange after initial strength in morning trade. Silver declined sharply from its intraday high, while gold also registered losses in afternoon trading.
LSN India ·
Gold and silver prices retreated on the Multi Commodity Exchange on Tuesday, erasing earlier gains after a promising start to the trading session. The reversal saw precious metals surrender their morning strength, with both commodities moving lower as the session progressed.
Silver witnessed the most pronounced decline, sliding approximately 3,000 rupees from its intraday peak as selling pressure mounted during afternoon trading. The white metal's sharp pullback from its session high reflected profit-taking after the initial rally.
Gold prices similarly turned negative, paring some of the gains achieved in early morning trade. The yellow metal's decline added to the broader weakness in the precious metals complex as investors reassessed their positions.
The MCX price movements come as traders continue to monitor global commodity trends and macroeconomic factors influencing precious metals valuations. Market participants are watching for fresh triggers that could determine the direction of gold and silver in the coming sessions.