BUSINESS

Precious Metal ETFs Fall After Record Rally


Gold and silver prices in the Indian bullion market eased on Thursday after touching record highs in the previous session, as investors booked profits amid easing global geopolitical tensions and a stronger US dollar.

On the Multi Commodity Exchange, gold for the February contract was trading nearly 0.5 per cent lower at ₹1,52,168 per 10 grams. Silver for the March contract also slipped over 0.7 per cent to ₹3,16,175 per kilogram at the time of reporting.

Reflecting the decline in bullion prices, gold and silver exchange-traded funds fell by as much as 15 per cent during the session, a day after rallying to fresh lifetime highs.

Most Recent