Gold-Silver Price: Silver is ₹1.30 lakh cheaper than record high, Gold prices are also lower; is now the right time to buy?

New Delhi: Gold and silver prices have seen a significant drop in the last few days, but now they are showing a continuous upward trend. These precious metals have shown a strong rally in the commodity market over the past two days, leaving investors confused about what to do with gold and silver now.

On Wednesday, as of 7:30 PM, April futures gold on the Multi Commodity 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 after the fall?

Two days ago, a sharp decline 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 high level for gold is ₹1.93 lakh, while the record high 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 high levels, profit-taking began. Continuous profit booking by investors increased selling pressure on gold and silver prices, leading to a decline in their value.

A stronger dollar puts pressure on commodity prices. Meanwhile, the dollar strengthened, leading to a decline in gold and silver prices.

What should you do now?

Experts say that this decline was due to profit-taking, making it a temporary dip. From a long-term perspective, the demand for gold and silver remains strong, and buying is recommended for long-term investment. However, for short-term investors, it's advisable to wait for further 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 allocation of gold and silver in their portfolio can be a good strategy to mitigate potential losses.