In the Indian bullion market, Gold and silver prices dropped today from a record high touched in the previous session. The decline is attributed to profit booking, easing geopolitical tensions and strengthening of the US dollar.
At the Multi-Commodity Exchange, Gold for the February contract was trading around half a per cent down at 1 lakh 52 thousand 168 rupees per 10 grams.
Silver forthe March contract was also trading over 0.7 per cent down at 3 lakh 16 thousand 175 rupees per kilogram, when reports last came in.
Meanwhile, the gold and silver exchange-traded funds fell up to 15 per cent today, mirroring the fall in precious metal prices. This comes after the ETF saw a record rally to fresh lifetime highs in the previous session.
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