Gold, Silver Rates Today LIVE: Gold and silver prices in the international market steadied on Tuesday after surging to record high levels in the previous session on worries over the Federal Reserve’s independence as the Donald Trump administration threatened the central bank with a criminal indictment.
Gold prices eased, a day after breaching $4,600 per ounce for the first time ever, as investors booked profits amid heightened geopolitical and economic uncertainty.
MCX gold price also opened lower amid profit booking after a sharp rally in the previous session. MCX silver price traded lower.
In the previous session, MCX gold and silver prices hit record highs, tracking a rally in international bullion prices. A weak US dollar supported the bullion prices after uncertainty deepened over a Trump administration criminal probe into Federal Reserve Chair Jerome Powell.
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