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Gold,silver prices see profit booking on US inflation data

Gold and silver prices witnessed profit booking in the week gone by after the better than expected US inflation data and rebound in the US dollar rates. Gold price on MCX (Multi Commodity Exchange) for June 2023 expiry ended at ₹60,898 per 10 gm levels, around 1.55 per cent lower from its life-time peak of ₹61,845 per 10 gm.

According to commodity market experts, weak US inflation data helped US dollar rebound from its one-month low, which put gold and silver price under pressure.

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