#Mumbai

Gold and silver prices fell on Tuesday as investors booked profits after both metals hit record highs in the previous session, even as festive jewellery sales during Dhanteras jumped 35–40 per cent across India.

Silver Exchange Traded Funds (ETFs), which had delivered stellar one-year returns of around 65–70 per cent, also saw a sharp correction as global prices cooled following improved physical supply and easing safe-haven demand.

Silver had turned hot earlier this month when global spot prices surged past $40 an ounce amid concerns of a physical shortage.

Despite the short-term correction, festive demand for gold and silver remains strong. The All India Gem Jewellery Promotion Council, said that around 50 to 60 tonnes of jewellery were sold nationwide over the two days of Dh

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