Gold, Silver Retreat From Peaks As Bullion Rally Loses Steam - BW Businessworld

AI desk brief

MCX December gold closed at Rs 143,106 per 10 grams, Rs 34,484 below its 52-week contract high; silver was about Rs 130,000 per kg below its contract peak. Domestic comparisons use 9 November closes because the 10 November morning session was closed for Diwali Balipratipada. Internationally, spot gold fell 0.4% to $4,124.42/oz and silver 0.3% to $53.22/oz on 10 November, while December gold futures rose 0.5%. The report attributes the retreat partly to profit-taking and shifting policy expectations; further dollar strength could pressure bullion, while reduced silver use in solar panels could constrain industrial demand.