New Delhi: Gold and Silver prices have recorded heavy fluctuations ever since the West Asia conflict began on February 28, 2026. It may be recalled that on 29 January 2026, Silver price hit at an all-time high of Rs 4,20,048 per kilogram, while Gold touched Rs 1,80,779 per 10 grams on the same day. Since then, both the precious metals have dropped significantly.
During the rally, scores of investors pumped in money to buy Gold and Silver and booked profits. However, many purchased at high rates and are now in a tricky situation as both the metals are priced quite lower as compared to their January prices.
Speaking exclusively to Biplob Ghosal of News9, Sumit Garg, founder of Delhi Diamonds, guided investors as to what should be the their approach – whether investors should sell their stake or buy gold and silver at current levels.
Buying Gold and Silver? Know expert’s investment strategy
When asked to comment on what should be the approach of existing Gold and Silver investors, Garg said, at this juncture, we should remember Warren Buffett’s saying — “Be greedy when everyone is fearful…and be fearful when everyone is greedy”.
Garg recalled that when Silver was priced at Rs 1,70,00 per kg, majority of the investors investors became greedy and expected the white metal to jump to the levels of Rs 1,80,00, 1,90,00, 2,00,00 per kg. However, at that point of time, I had cautioned the investors to book profits at high levels, and many heed to my advice.
Now, the situation is different as prices are down. After touching 1,99,000 bottom, it is trading at around 2,25,00-2,30,00 level, which reflects that the white metal has recorded a correction of around 50 percent.
Expert on Gold price
Commenting on Gold price, the founder of Delhi Diamonds, said the yellow metal has corrected around 30 per cent from its peak. And when the correction is high, people become fearful, however, it itself becomes a buying opportunity, he asserted.
According to my opinion, currently it is not the time to buy aggressively, instead investor should opt for slow and gradual buying, he added.
This is an appropriate time for new investors to enter the market. He advised the existing investors to average their holdings. When the market is on a high, investors can do smart exit.
Garg advised investors to not panic as after uncertainty in the market, recovery does happen.
Investors should plan and remain patient. Slowly investing in Gold and Silver can be smart strategy.
(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, precious metals, commodity, REITs, InvITs and any form of alternative investment instruments and crypto assets)