Price of gold and silver in domestic market

According to the All India Bullion Association, on Thursday, the price of gold of 99.9 percent purity had fallen by Rs 400 to Rs 1,60,900 per 10 grams. There was no change in silver prices and it remained stable at Rs 2,68,500 per kg.

Condition of gold and silver in international market

Meanwhile, buying signals were also seen in the international market. Silver prices on COMEX witnessed value buying and hit an intraday high of $77.045 an ounce, registering a rise of over 1.25 per cent within minutes of the opening bell.

Light buying was recorded in both gold and silver during early trading in Asian markets. Comex Gold was seen trading in the green around $5,000 an ounce, registering an intraday gain of about 1.10 percent.

By how much did both precious metals slip from their highs?

Gold and silver prices have entered a period of huge fluctuations in 2026. After last year’s extraordinary rally, both the precious metals have slipped by about 16 to 43 percent from their high levels. A strong US dollar and changing expectations regarding Federal Reserve policies have impacted investor sentiment, leading to the recent correction.

Although the recent decline has erased much of the earlier rally, analysts believe this weakness could be an opportunity for long-term investors. Many experts consider this to be part of the ongoing multi-year bullish cycle in precious metals.

According to domestic brokerage MK Wealth, gold and silver are in a 3 to 5-year bull run, supported by favorable macroeconomic conditions, structural demand and changing investor preferences. The brokerage has advised investors to maintain gold and silver holdings as part of a diversified portfolio and make fresh purchases in a phased manner, especially during downturns.