New Delhi, Feb 26 || Gold and silver prices eased on Thursday, amid profit booking by investors, although rise in geopolitical tensions and decline in US dollar capped the slide.
MCX gold April futures lost 0.25 per cent to Rs 1,60,741 per 10 grams on an intra-day basis. Meanwhile, MCX silver March futures declined 1.16 per cent to Rs 2,65,200 per kg.
In the previous session, the MCX April gold contract and March silver contract had gained 0.74 per cent and 3 per cent, respectively, prompting a round of profit booking.
The dollar continues to fall in the aftermath of persistent trade uncertainty amid diverse takes on tariffs by US Supreme Court and US President Donald Trump with the latter continuing to stress that tariffs remain central to his trade strategy.
The US collects a 10 per cent tariff on certain imports, with rates set to rise to 15 per cent or higher for some countries causing uncertainty over US tariffs and ongoing trade negotiations acting as tailwinds to the precious metals.