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of <h1>Gold and Silver Prices Drop Amid Weak Demand and Market Volatility; Analysts Cite US Fed's Hawkish Stance</h1> Gold prices in New Delhi fell by Rs 700 to Rs 88,750 per 10 grams due to weak demand from jewellers and stockists, after reaching a record high the previous day. Gold of 99.5% purity also declined by Rs 700 to Rs 88,350 per 10 grams. Silver prices dropped by Rs 300 to Rs 1 lakh per kg. In futures trading, gold and silver saw declines on the Multi Commodity Exchange, influenced by weak global trends and market volatility. Analysts noted profit-taking and hawkish comments from the US Federal Reserve as factors affecting gold's recent performance.
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