Gold, Silver Edge Lower on MCX as Investors Book Profits
New Delhi, Apr 10 (BNP): Gold and silver prices edged lower on Friday in the domestic futures market, as investors booked profits and demand for safe-haven assets eased.
On the Multi Commodity Exchange (MCX), gold futures fell by around 0.5–1%, touching an intraday low of ₹1,52,561 per 10 grams. The yellow metal later recovered slightly but continued to trade weaker during the session.
Silver futures also came under pressure, declining about 0.7% to an intraday low of ₹2,42,067 per kilogram, compared to the previous close.
During the trading session, gold hit a high of ₹1,52,990 per 10 grams before slipping again, while silver also saw intraday volatility.
Market analysts said the decline was mainly driven by profit-taking at higher levels, along with a temporary reduction in safe-haven buying interest.
Despite the dip, traders continue to watch global cues and currency movements closely, which are likely to influence precious metal prices in the coming sessions.
