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MCX precious metals trade mixed amid post-rally profit taking
Gold traded flat and silver declined on MCX due to profit booking, following a strong rally sparked by the US Fed’s rate cut and easing outlook.
Early trade on December 12 saw gold prices hold steady while silver eased on the MCX as traders booked profits after a sharp rally. Gold February futures were marginally higher at Rs 1,32,599 per 10 grams, supported by rate-cut expectations, while silver March contracts slipped to Rs 1,97,951 per kg after touching a record high in the previous session.