Gold Plunges Rs 7,600, Silver Tanks Rs 27,700 Amid Profit-Booking
Gold Plunges Rs 7,600, Silver Tanks Rs 27,700 Amid Profit-Booking
- •Gold prices slumped by Rs 7,600 per 10 grams in New Delhi following profit-taking by investors.
- •Silver tanked sharply by Rs 27,700 per kg, a 9.23% drop, to Rs 2,72,300 (inclusive of all taxes).
- •The decline is attributed to profit-booking after recent gains and weak global cues.
- •Geopolitical tensions (US-Israel-Iran) initially triggered safe-haven demand but were countered by profit-booking.
- •Investors are now focusing on key US macroeconomic data, including jobless claims and nonfarm payrolls, for future price direction.
