The sudden pullback came a day after both precious metals surged to historic highs. Silver had climbed to ₹4,20,048 per kg, while gold touched ₹1,80,779 per 10 grams. International markets mirrored the correction, with Comex gold falling 2.2 per cent to USD 5,236.74 per ounce.
“After hitting record highs, gold and silver prices dropped as a rebound in the US dollar triggered aggressive profit-taking,” said Manav Modi of Motilal Oswal Financial Services, as quoted by PTI. The dollar index rebounded from recent lows of 96, while the USD/INR pair touched a record high, adding pressure on domestic prices.
