Gold prices pull back, analysts flag risks near Rs 1.25 lakh

Gold and silver opened slightly lower on Thursday, with gold futures at Rs 1,22,700 per 10 grams and silver at Rs 1,48,423 per kilogram on the MCX, following profit-booking after a record rally. Despite the dip, both metals remain near all-time highs, supported by expectations of U.S. rate cuts, central bank buying, and strong safe-haven demand amid global uncertainties.