Profit Booking Hits Gold & Silver Bullion Markets

Late December saw widespread profit-taking after gold and silver bars/coins reached all-time highs, with global gold dipping from $4,372/oz and silver reversing from $82.61 futures peak to $75.34/oz. In India, silver dropped ₹4,000/kg to ₹2,58,000 despite 185% yearly gains, while gold held steady around ₹134,887/10g post-rally. Analysts see this as a healthy correction, with strong fundamentals like Chinese demand and trade uncertainties supporting renewed buying soon.​​