Gold Silver Price: Big Decline In Gold, Silver Rates; Know Details

Gold and Silver Price: Gold and silver prices witnessed a significant drop on Wednesday. Prices of both precious metals fell in the Multi Commodity Exchange (MCX) after several days of gains. Silver saw a sharp decline after touching a record high. 

Will the decline in gold and silver prices continue?

On Wednesday evening, silver prices on the MCX were down by Rs 9696, or 3.74 percent, to Rs 2,49,115 per kilogram, after reaching a record high of Rs 2,59,692 per kilogram during morning trading. Similarly, gold prices also saw a significant drop. On Wednesday, gold prices fell by Rs 1332 to Rs 1,37,751 per 10 grams. The record high 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 decline in silver prices after reaching a record high, experts say that investors are booking profits on a large scale. This is because investors fear potential losses after reaching such high levels. Profit-taking also occurred in gold. Another reason for profit-taking by investors is that silver has given more than 150 percent returns in a year, and gold has risen by up to 75 percent.

Will gold and silver become even cheaper?

Some experts say that gold and silver prices are near their record high levels. Therefore, in the short term, prices may decline due to profit-taking, but in the long term, the situation remains strong due to robust demand. 

Given the high metal prices, experts have advised investors to remain cautious. Several banks and experts are predicting that gold and silver prices will remain at high levels in 2026, or at least stable with strong support, even if they don't reach new highs. Some believe the prices could even go higher. Some experts have also advised buying on dips in gold and silver prices.

What should investors do?

Gold and silver prices have risen so high 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 avoid significant losses during price declines.