New Delhi: Gold and silver prices have seen a significant waif in the last few days, but now they are showing a continuous upward trend. These precious metals have shown a strong rally in the thingamabob market over the past two days, leaving investors tumbled well-nigh what to do with gold and silver now.
On Wednesday, as of 7:30 PM, April futures gold on the Multi Thingamabob Exchange (MCX) was trading at 1,59,331 per 10 grams, up 5,522 or 3.59%. On the other hand, March futures silver was up 21,278 or 7.94% at 2,89,293.
How much have gold and silver prices risen without the fall?
Two days ago, a sharp ripen dominated gold and silver prices, causing them to hit their bottom. Since then, a remarkable rally has begun. On Monday, gold prices had fallen to 1.37 lakh, but now they are at 1.59 lakh, meaning gold prices have increased by 22,000.
How much lower are the prices from their record highs?
Gold and silver touched their record highs on January 29, 2026. According to MCX, the record upper level for gold is 1.93 lakh, while the record upper price for silver is 4.20 lakh. Based on this, gold is currently 34,000 cheaper than its record high. Silver is approximately 1.31 lakh lower.
Why did gold and silver prices fall?
When gold and silver reached their record upper levels, profit-taking began. Continuous profit booking by investors increased selling pressure on gold and silver prices, leading to a ripen in their value.
A stronger dollar puts pressure on thingamabob prices. Meanwhile, the dollar strengthened, leading to a ripen in gold and silver prices.
What should you do now?
Experts say that this ripen was due to profit-taking, making it a temporary dip. From a long-term perspective, the demand for gold and silver remains strong, and ownership is recommended for long-term investment. However, for short-term investors, it's prudent to wait for remoter dips.
Experts suggest that investors should follow a "buy the dip" strategy. They can increase their gold and silver holdings during any price correction. Maintaining a 10 to 20 percent typecasting of gold and silver in their portfolio can be a good strategy to mitigate potential losses.
