Overview
- MCX silver futures fell between 4.6% and 6% to roughly Rs 2.36–2.39 lakh per kg in morning deals after touching record highs this month.
- MCX gold for February delivery slipped about 0.4–0.5% to near Rs 1.36 lakh per 10 grams.
- Internationally, spot gold eased about 0.3% to around $4,334 an ounce after last week’s record near $4,550.
- Traders and analysts cited higher margin requirements, forced deleveraging, year-end tax selling, thin liquidity and profit-booking as the key drivers, while longer-term supports from industrial demand and tight supply remain.
- Regional markets echoed the cool-off, with Pakistan’s per tola gold opening at Rs 459,462, down Rs 10,700 from the previous session.