Gold and Silver Price: Gold and silver prices witnessed a significant waif on Wednesday. Prices of both precious metals fell in the Multi Commodity Exchange (MCX) without several days of gains. Silver saw a sharp ripen without touching a record high.
Will the ripen in gold and silver prices continue?
On Wednesday evening, silver prices on the MCX were lanugo by Rs 9696, or 3.74 percent, to Rs 2,49,115 per kilogram, without reaching a record upper of Rs 2,59,692 per kilogram during morning trading. Similarly, gold prices moreover saw a significant drop. On Wednesday, gold prices fell by Rs 1332 to Rs 1,37,751 per 10 grams. The record upper for gold is Rs 1,40,465 per 10 grams. Gold prices for the February 5th futures contract fell by nearly 1 percent today.
Why did gold and silver prices fall?
Regarding the ripen in silver prices without reaching a record high, experts say that investors are booking profits on a large scale. This is considering investors fear potential losses without reaching such upper levels. Profit-taking moreover occurred in gold. Another reason for profit-taking by investors is that silver has given increasingly than 150 percent returns in a year, and gold has risen by up to 75 percent.
Will gold and silver wilt plane cheaper?
Some experts say that gold and silver prices are near their record upper levels. Therefore, in the short term, prices may ripen due to profit-taking, but in the long term, the situation remains strong due to robust demand.
Given the upper metal prices, experts have well-considered investors to remain cautious. Several banks and experts are predicting that gold and silver prices will remain at upper levels in 2026, or at least stable with strong support, plane if they don't reach new highs. Some believe the prices could plane go higher. Some experts have moreover well-considered ownership on dips in gold and silver prices.
What should investors do?
Gold and silver prices have risen so upper that it might be difficult for ordinary people to invest millions of rupees at once. In such a situation, experts suggest investing in gold and silver digitally. This investment can be made through Gold ETFs, Silver ETFs, or Gold-Silver funds. You can start investing monthly or weekly, so that you can profit during periods of price increases and stave significant losses during price declines.
