Why are gold prices falling? After a record-breaking run, gold prices seem to be taking a breather with a significant 3% drop this week in the international markets. The yellow metal is set to end its nine consecutive weeks of gains with a weekly drop to $4,118.68 per ounce. This would be its sharpest fall since May. According to an ET report, the correction in gold prices appears to be largely technical in nature, following an exceptional period where it rose over 50% since the start of the year. In India, the local markets reflected international sentiment, as MCX December gold futures traded down by 1% at Rs 1,23,222 per 10 grams, while silver declined by 1.5% to Rs 1,46,365 per kg during Friday morning trading. The dip in gold prices was more pronounced earlier in the week, wi

See Full Page