Were you thinking of buying gold and silver? The market suddenly hit the brakes and silver fell to Rs 1.44 lakh in three days. Also, gold also fell from record high.
On Monday, silver fell by Rs 52,000 (silver price crash) to Rs 2,60,000 (silver price today) per kg in the bullion market of the national capital Delhi.
According to All India Bullion Association, this is a big one-day fall of about 17%. Earlier on Saturday also, silver had fallen by Rs 72,500 (19%) and came to Rs 3.12 lakh.
If we add the last three sessions, then silver has fallen by a total of Rs 1,44,500 (silver price fall) i.e. about 36%. Remember, on January 29, a record high of Rs 4,04,500 per kg (silver aal time high) was made. From there now a straight slide is visible.
Gold became cheaper by Rs 30 thousand in three days
Gold also did not lag behind in terms of falling. Gold of 99.9% purity became cheaper by Rs 12,800 (gold price fall) on Monday to Rs 1,52,700 (gold price today) per 10 grams. In the last session it had closed at Rs 1,65,500 (gold rate today).
In three sessions, gold has fallen by a total of Rs 30300 (about 17%), whereas on January 29 it had made a record of Rs 1,83,000 per 10 grams. Experts believe that after the boom, now investors are booking profits vigorously.
Why there was a big decline, the expert clarified
Commodity analyst Manav Modi of Motilal Oswal Financial Services said that the dollar has strengthened amid US President Donald Trump’s tariff talks and US-Iran tension has reduced, due to which gold and silver came under pressure.
Research Analyst Gaurav Garg of Lemon Market Desk says that there was no change in the import duty of gold and silver in the Union Budget 2026-27. The market was expecting relief, which did not come. This removed the trigger supporting the prices. The global market also remained soft. Spot gold fell $83.75 (1.72%) to $4,781.60 an ounce.
Praveen Singh, Research Analyst at Mirae Asset Sharekhan, said, “Gold sold heavily due to a strong dollar and the news of Trump nominating Kevin Warsh as the next Fed Chairman.”
What should investors do, buy or wait for now?
- Experts say that after the record high, there will be a sharp decline i.e. a period of profit booking.
- Pressure may continue if dollar remains strong
- But for long term buyers the strategy of buying in installments on dips may work.
At present the trend is down, it is wise to buy sensibly and not in enthusiasm.