CNN Central News and Network–ITDC India Epress/ITDC News Bhopal: Amid continued volatility in precious metal prices, a sharp fall was recorded in the bullion market on Thursday. Silver prices dropped by ₹9,658 per kilogram in a single day, bringing the rate down to ₹2.36 lakh per kilogram. Notably, silver prices have fallen by around ₹27,000 per kilogram over the past 10 days. Gold also remained under pressure, with the price of 10 grams falling by ₹4,090 to reach the ₹1.48 lakh level. The decline has become a major talking point among investors and traders.
According to market experts, the softness in international gold and silver prices is also being reflected in the domestic market. Improvement in global economic indicators, a stronger dollar and changing investor strategies toward safe-haven assets have kept precious metals under pressure. In addition, profit-booking by several investors accelerated the decline in prices. Weak demand in the international market has also affected the Indian market.
Traders believe that in the coming days, global developments, central banks’ monetary policies and investor sentiment will determine the direction of gold and silver prices. However, with the wedding season and festive demand in view, buying in the market is likely to increase. Experts are advising investors to assess market conditions before investing instead of making hasty decisions. For now, both gold and silver are trading below their recent high levels, providing some relief to buyers.
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