A very shocking news is coming for those who buy gold and silver and invest in it. The shine of gold and silver is continuously fading in the bullion market. Due to the official end of the Iran war and the huge fall in the prices of crude oil in the international market, in the month of June alone, gold and silver prices have recorded a record-breaking fall of ₹ 16,000 and ₹ 33,000 respectively.
However, big commodity experts of the market clearly believe that this phase of recession in gold and silver is not going to stop here. According to experts, an even bigger fall in the prices of gold and silver may be seen within the next three months. It is being estimated that in the domestic market, gold may slip below the magical figure of ₹ 1,00,000 per 10 grams, while silver may also fall badly and fall to the level of ₹ 1.90 lakh per kg. Experts are counting four very big and concrete reasons behind this. Let us understand in simple words what the country’s two biggest commodity experts – Anuj Gupta and Ajay Kedia have to say on this historic fall and what are the major factors due to which gold and silver are going to become even cheaper in the coming days.
Expert Anuj Gupta enumerated 4 major reasons for the fall in gold.
SEBI certified market expert Anuj Gupta, in a special conversation with Times Now Navbharat Digital, said that at present some special equations are being created on the international and domestic front, which will very soon push the price of gold below Rs 1 lakh:
Fed preparing to increase interest rates
BofA Securities, which is the main investment banking and brokerage arm of Bank of America, has made a big estimate. According to this, the US Federal Reserve can increase interest rates three times in quarters in the months of September, October and December this year. With this, the benchmark rate there will directly increase from the current range of 3.5%-3.75% to 4.25%-4.5%. This increase in interest rates will put huge pressure on the global prices of gold and the prices will fall rapidly.
Dollar index at 1 year high
The US dollar index has currently reached its highest level in a year against all the major currencies of the world. According to economic rules, the strengthening of the dollar usually leads to a decline in gold prices. This factor will also work to bring down the price of gold.
Heavy selling in Gold ETF
Globally, the confidence of big investors in gold has now wavered a bit. This is the reason why huge selling of about 2 billion dollars has been seen from Gold ETFs in recent times, due to which the supply in the market has increased.
end of iran war
The ongoing geopolitical tension in Iran and the entire Middle East has now completely ended. With the end of the tension, the huge demand for gold as a ‘safe haven’ (safe investment) among investors has now completely ended. People are now withdrawing their big money from gold and investing it in other profitable assets, due to which further decline in gold is certain.
According to expert Anuj Gupta, gold, which has currently reached close to $ 4000 per ounce in the international market, will see an even bigger decline by September. Apart from this, the increase in import duty on gold by the Government of India has also had a strong impact on customer demand in the domestic bullion market. Besides, falling prices of crude oil are also bringing down gold. All these important factors together will bring down the price of gold.
Big fear of ‘panic selling’ in silver
According to Ajay Kedia, Founder and Director of Kedia Commodity Comtrade Private Limited, in the coming days the price of silver may also fall badly in the global market and fall to $ 53 an ounce. If this happens at the international level, then the price of silver in the Indian bullion market may crash to ₹ 1.90 lakh per kg. At the same time, on this issue, Anuj Gupta says that if ‘panic selling’ starts among investors regarding silver in the market, then we may see an even bigger decline.
Amidst the continuous decline, support will be received due to these big reasons
However, Ajay Kedia also believes that despite the current bearish pressure in the market, some major factors are also active at this time which are preventing the gold and silver market from completely crashing and providing strong support from below:
- Central Banks Purchasing: Despite the recession, major central banks around the world are still making physical purchases of gold on a large scale, which is providing support to prices in a limited range.
- Bank of Japan’s stance: Due to the current economic policies of the Bank of Japan, gold is currently getting a good and strong base in the market.
- Weak US Economy: The dollar may be looking strong in the global market at the moment, but in the long term, the US economy is not in a very strong position, which will save gold prices from complete destruction.
There has been a huge decline from record high till now
The current prices of gold and silver have come down significantly from their all-time high (record level). If we look at the data, in the global market, gold had reached its all-time high of $ 5,589.38 per ounce on January 28, 2026, while silver had made a historical record of $ 117 per ounce.
Whereas in India, on the domestic futures market i.e. MCX, gold reached an all-time high of Rs 1,93,096 per 10 grams and silver reached an all-time high of Rs 4,20,048 per kg on January 29, 2026. But today i.e. on June 24, 2026, gold is trading in the market at around Rs 1,44,000 per 10 grams and silver at Rs 2,23,000 per kg. This means that gold has become cheaper by about Rs 50,000 and silver by about Rs 2 lakh per kg from its record level.
Special advice from experts for common investors: What to do now?
Amidst the huge fluctuations going on in the bullion market, both the big experts have given a very important advice to the common investors and the customers buying for festivals or weddings. Experts say that at this time one should completely avoid investing lump sum money in the market.
Ajay Kedia says that this is the right time to start investing in gold and silver for the long term, but instead of buying directly, you should choose the safe route of SIP i.e. buying in pieces. By investing a little bit on every small and big fall in the market, you will get a good average price till the coming month of September, which will give you bumper profits in future.