Gold and silver prices corrected sharply on Thursday after hitting record highs earlier this month, as investors booked profits and shifted focus toward equities amid easing geopolitical tensions and optimism over USβIndia trade developments.
On the MCX at 11:36 am, December gold futures were trading at Rs 1,23,645 per 10 grams, while silver futures hovered around Rs 1,23,422 per kilogram.
Earlier this week, gold reached $4,381 per ounce and silver touched $54.5 per ounce, marking nearly a 10%
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