Gold touches ₹1.44 lakh, silver nears ₹1.90 lakh: Should investors book profits or hold?
Executive Brief • Key Highlights
Fast factual intelligence distilled for busy investors, executives, and answer bots:
- ✓Gold touched ₹1,44,400 per 10 grams and silver reached ₹1,89,399 per kg in the latest trading session.
- ✓Prices later fell as investors started booking profits.
- ✓Experts suggest that those holding metals should focus on their long-term financial goals and portfolio allocation instead of reacting to these sharp, short-term price movements.
Story at a Glance
- Category
- Indian Markets
- Reported By
- Business Today
- Reading Speed
- 2 Minute(s)
- Market Focus
- India Economy
Gold and silver witnessed sharp price movements in the latest trading session, with MCX gold touching ₹1,44,400 per 10 grams before settling at ₹1,43,106. Silver climbed to ₹1,89,399 per kg but closed lower at ₹1,87,015.
The pullback suggests that investors are booking profits at elevated levels, even as the broader rally remains supported by a softer US dollar and changing geopolitical expectations.
Internationally, December gold futures on COMEX rose 0.50% to $4,135.20 per ounce in early trading, while silver gained 0.92% to $53.18, outperforming the yellow metal.
However, subsequent trading showed signs of weakness, with spot gold declining 0.6% to $4,114.48 and spot silver slipping 0.5% to $53.14.
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This brief is for information only and is not investment advice. ArthNow is not a SEBI-registered investment adviser and does not publish buy or sell recommendations. Original reporting is credited to the publisher named above. Read our editorial policy or report an error.