After a bumper rally over the past few weeks, the precious metals market witnessed a sharp correction on Friday, as both Gold and Silver prices tumbled on the Multi Commodity Exchange (MCX).

The decline came amid a profit-taking wave triggered by specific external market factors that temporarily eased geopolitical and economic anxieties. Gold prices of 24 kt on MCX, which had recently touched a record high of ₹1,32,294 per 10 grams, fell by around 3 per cent to ₹1,25,957 per 10 grams. Silver saw an even steeper fall, declining by more than 8 per cent, slipping from ₹1,70,415 per kg to ₹1,53,929 per kg.

Market experts described the correction as a healthy and expected development following an extraordinary rally in recent months. Ajay Bagga, Banking and Market Expert, told ANI that Frida

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