Mon Dec 29 04:00:00 UTC 2025: Okay, here’s a news article summarizing and rewriting the provided text:

Metals Plunge: Gold, Silver, and Copper Prices Tumble on Profit-Taking and Easing Geopolitical Tensions

New Delhi, December 29, 2023 – Gold, silver, and copper prices experienced a significant correction on Monday, reversing a period of substantial gains. The sharp decline is attributed to profit-taking after prices reached record highs, as well as easing geopolitical tensions and new regulations.

Gold futures for February delivery fell nearly 2% to ₹1,37,646 per 10 grams. Silver futures for March delivery plummeted 8% after hitting a record high of ₹2,32,663 per kilogram. Copper futures for January delivery took the biggest hit, dropping 13% to ₹1,211.05 per kilogram.

“After a strong rally in 2025, we don’t foresee the same kind of momentum continuing into 2026,” said Pranav Mer, Vice President (EBG, Commodity & Currency Research) at JM Financial Services. He noted that the previous surge in metal prices was fueled by expectations of interest rate cuts and rising global trade tensions. “It appears that investors are now booking profits at these elevated levels.”

The easing of geopolitical tensions is also weighing on precious metals, particularly gold, which is often seen as a safe-haven asset during times of uncertainty. News of progress in talks between the United States and Ukraine regarding the conflict with Russia has reduced the appeal of gold.

Adding to the downward pressure, reports indicate that China will restrict physical supply from 2026 onward, requiring companies to apply for export licenses. This policy is expected to remain in effect until 2027. This move has sparked concern in the market, with Elon Musk commenting, “This is not good.”

CME Group increasing margin on silver derivative has further amplified the drop.

Read More