Relevant for Exams
Gold, silver prices fall after record run; cautious investors eye US data, BoJ decision.
Summary
Gold and silver prices experienced a retreat after a recent record rally, with MCX gold February futures and silver March futures seeing declines. This daily market fluctuation, driven by investor caution ahead of key US data and the Bank of Japan's policy decision, holds minimal direct relevance for competitive exams. Specific daily price movements are rarely tested, making this primarily general economic news rather than a core exam topic.
Key Points
- 1MCX gold February futures saw a decline of ₹456.
- 2The price of MCX gold February futures reached ₹1,33,674 per 10 grams.
- 3MCX silver March futures dropped by ₹2,067.
- 4The price of MCX silver March futures reached ₹1,95,834 per kg.
- 5The price correction was attributed to investor caution ahead of key US data and the Bank of Japan's policy decision.
Full Article
Gold and silver prices eased in early trade after a record rally, with MCX gold February futures falling ₹456 to ₹1,33,674 per 10 grams and silver March futures dropping ₹2,067 to ₹1,95,834 per kg, as investors turned cautious ahead of key US data and the Bank of Japan policy decision.