Precious metals continued to decline today, with silver dropping by ₹6,667 to ₹2.34 lakh per kilogram. Over the past four trading sessions, silver prices have fallen by nearly ₹32,000, reflecting sustained selling pressure in the bullion market.
Gold Also Extends Losses
Gold prices also witnessed a correction, settling at approximately ₹1.51 lakh per 10 grams. The current rate is around ₹25,000 below its all-time high, indicating a notable pullback after the recent rally.
Reasons Behind the Decline
Market analysts attribute the fall to:
- Profit booking by investors after record highs
- Fluctuations in the global dollar index
- Changes in international bond yields
- Softening demand in global bullion markets
Volatility Likely to Continue
Experts believe that precious metal prices may remain volatile in the near term, influenced by global economic data, central bank policy signals, and geopolitical developments.
While short-term pressure continues, some investors view the correction as a potential buying opportunity for long-term holdings.
