Gold, Silver Rate Today LIVE: Gold and silver prices declined sharply on Tuesday amid profit booking, with the white metal prices slipping over 7% after touching record high levels.
Comex gold price fell 1.16% to $5,023.60 an ounce, holding above the $5,000 level. Comex silver price declined 6.41% to $108.095 an ounce. Silver price hit an all-time high above $117.71 in the previous session before retreating.
Gold prices have surged nearly 17% so far this year, supported by so-called debasement trade as investor flight from sovereign bonds and currencies, a weak US dollar, and geopolitical risks.
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