Precious metals slip in international mkts

New Delhi: After trading at record peaks, gold futures for December delivery slipped by $20.1, or 0.47 per cent, to $4,219.2 per ounce on Comex. In addition, silver futures also went lower by $1.4, or 2.48 per cent to $56.97 an ounce, retreating from a record high of $58.47 per ounce in the previous trading session.

The March 2026 contract for the white metal also declined by $1.3, or 2.2 per cent, to $57.84 per ounce, after touching a lifetime high of $59.43 an ounce on Monday.

“Gold fell to $4,210 per ounce as investors took profits on Tuesday after prices reached a six-week peak in the previous session, amid mounting expectations of a US interest rate cut next week,” Jigar Trivedi, Senior Research Analyst at Reliance Securities, said.

On Monday, the US Federal Reserve Chair Jerome Powell avoided commenting on the state of the economy or the central bank’s monetary policy at an event at Stanford University.