Gold and silver futures also mirrored gold’s downtrend on the Multi Commodity Exchange (MCX). The white metal slipped as traders reassessed expectations of an early US Fed rate cut.
Weak global sentiment and profit-booking dragged silver prices lower after recent gains. Analysts note that silver, being more sensitive to industrial demand, is reacting to subdued manufacturing data in major economies.
Despite the short-term pressure, experts believe silver could regain momentum if physical demand strengthens ahead of the wedding and festive season in India.
