Last Updated on December 29, 2025 6:51 pm by INDIAN AWAAZ
AMN / BIZ DESK
Gold and silver prices saw a sharp correction on Monday after hitting record highs, as investors booked profits amid easing geopolitical tensions and high market volatility.
On the Multi Commodity Exchange (MCX), February gold futures fell nearly 2 percent to Rs 1,37,646 per 10 grams, while April and June contracts also declined around 2 percent. Silver futures for March delivery dropped 8 percent after touching a lifetime high of Rs 2,32,663 per kilogram, with May and July contracts losing 9–10 percent following earlier peaks.
Analysts attributed the decline to profit-taking after gold failed to hold above $4,550 on Comex, and Rs 1,40,500 on MCX acted as resistance. Jateen Trivedi of LKP Securities noted that gold is likely to remain volatile in the Rs 1,35,000–1,42,000 range in the near term, with US Federal Reserve minutes being a key trigger.
Silver remained the session’s focus, supported by industrial demand and safe-haven buying, but witnessed profit-taking. Motilal Oswal recommended buying silver around Rs 2,30,000 and gold near Rs 1,37,000, with specific stop-loss and target levels.
Copper futures also corrected sharply, with January delivery falling 13 percent to Rs 1,211.05 per kilogram after touching record highs.
Overall, analysts expect precious metals to remain volatile in the near term, influenced by global economic indicators, ETF flows, currency movements, and macroeconomic developments.