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Precious Metals Retreat After Reaching Record Highs on MCX
9 Oct
Summary
- Gold, silver prices pull back after recent record highs
- Profit booking by investors amid market volatility
- Ongoing economic uncertainty and global factors influence trends
On October 9, 2025, the commodities market on the MCX saw a modest decline as gold and silver prices experienced profit booking following their recent record highs. Investors appeared to take some gains off the table after the precious metals had surged sharply in the preceding sessions.
The previous day had been notable for setting new peaks, with gold prices climbing more than 50% in domestic spot prices this year. The surge has been supported by several factors, including economic uncertainty and strong demand for safe-haven assets.
However, Thursday's session highlighted a natural correction after the historic highs. Profit booking contributed to the modest declines on the MCX, while global economic indicators, US monetary policy, and geopolitical factors continue to influence market sentiment. Silver, following a similar trajectory, also eased from its record levels, remaining sensitive to these broader developments.
Despite the short-term dips, the long-term upward trends in gold and silver remain intact due to ongoing economic uncertainty and strong demand for precious metals. Investors are closely watching the impact of Fed rate expectations and regional developments, particularly in the Middle East, as they navigate the volatile commodities market.
