Gold prices dropped by almost 1% while silver rates crashed 6% in morning trade on the MCX on Wednesday, December 31, due to profit booking at record high levels. MCX gold February futures dropped 0.75% to ₹1,35,644 per 10 grams, while MCX silver March futures crashed over 6% to ₹2,35,373 per kg. Around 9:15 am, MCX gold was 0.63% down at ₹1,35,800 per 10 grams, while MCX silver was down 6.23% at ₹2,35,373 per kg.
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