Gold and silver prices in India took a breather after record rally🌟

Gold and silver prices in India took a breather this week after a record rally in recent times!

Gold and silver prices saw a dip on Monday, October 27. Investors booked profits after a strong global rally. The decline occurred ahead of the US Federal Reserve's policy meeting. International markets also reflected this trend, influenced by a stronger US dollar and easing trade tensions. Traders are awaiting key central bank signals and economic data.

"Gold prices remain under pressure as profit booking extended from overbought levels, with renewed optimism around US trade deals with India and potentially China prompting investors to trim positions. Prices have corrected over 3.40%, currently hovering near Rs 1,22,000, as traders await key US CPI data due later in the evening, which is likely to add to market volatility

Read more at:

https://economictimes.indiatimes.com/markets/commodities/news/gold-silver-prices-extend-fall-yellow-metal-below-rs-1-23-lakh-what-should-investors-do/articleshow/124839539.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

The recent profit-booking follows record highs on October 17 ..

Read more at:

http://timesofindia.indiatimes.com/articleshow/124827824.cms?utm_source=contentofinterest&utm_medium=text&utm_campaign=cppst

“I will invest in gold and silver once the price falls,” said many investors who missed the massive spike in the precious metals.

Gold and Silver have both soared over 100% in just two years. In October 2023, gold traded at $2,000, and Silver was at $23, while today gold is around $4,120 and Silver trades around $49.

Disclaimer: Due to the significant risks involved, you should only engage in these transactions if you are completely aware of the nature of the contracts you are entering into and are capable of determining the full scope of your risk exposure. Please note this.