🟡 Gold Prices Dip on MCX as Dollar Strengthens, Profit Booking Hits

Domestic gold futures eased on Jan 1 as traders booked profits and a stronger US dollar weighed on bullion — even as broader 2025 gains remain strong.

‱ 📉 MCX gold prices slipped with February futures down around 0.13% at â‚č1,35,267 per 10 g mid‑morning amid profit booking.

‱ đŸ’” Dollar rise pressured gold, making bullion relatively costlier for holders of other currencies.

‱ 📈 Silver held up with March contracts showing slight gains on improved spot demand.

‱ 📊 Strong 2025 performance: Last year, domestic gold jumped ~75% and silver rallied ~167% — record‑breaking annual gains.

The current dip is profit‑taking, not a reversal of the gold uptrend — with macro tailwinds like Fed rate‑cut expectations and geopolitical uncertainty continuing to support precious metals.

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