Gold & Silver Prices Fall Sharply
Gold & Silver Prices Fall Sharply : old and silver took a big hit today as global market weakness and a stronger US dollar pushed prices lower. The optimism over US-China trade talks and easing geopolitical tensions have further cooled demand for these precious metals.
✨ Here’s what happened:
- Gold opened 0.7% lower at ₹1,20,106 per 10g and later dropped to ₹1,18,461.
- Silver slipped 0.69% at opening to ₹1,42,366 per kg, ending the day at ₹1,41,424.
📊 Experts say the sharp fall comes after a strong two-month rally, with investors now booking profits. The strong dollar and improving global sentiment have added selling pressure.
💬 Rahul Kalantri (Mehta Equities) said:
“Gold and silver prices fell below key levels due to profit booking and a stronger dollar. But the weak rupee still provides some support locally.”
🏦 Meanwhile, investors are watching central bank meetings closely — the US Fed might cut rates by 25 basis points soon, which could impact future prices.
⚠️ What experts predict:
Darshan Desai (Aspect Bullion & Refinery) warns of short-term volatility, saying prices could fluctuate depending on global policies and trade deals.
“If the Fed cuts less than expected, gold may see more pressure,” he noted.
💡 Should you buy now?
Most analysts believe this fall is temporary. If global uncertainty rises again, gold and silver could bounce back. For now, stay cautious and watch how markets react this week.
Gold & Silver Prices Fall Sharply
📌 Bottom line: Don’t rush to buy or sell. Keep an eye on international developments and always consult a financial expert before investing.
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