New Delhi:- Gold and silver prices have recorded a huge fall in the Indian bullion market today. According to the Indian Bullion and Jewelers Association, today there has been a big decline in the price of silver by about 5 percent i.e. Rs 19,386 per kg. Along with this, gold prices have also seen a decline of Rs 3,099 per 10 grams.
According to the details, silver opened at Rs 3,03,584 this morning and closed at Rs 2,99,711. It is worth mentioning that silver had touched its highest level of Rs 3,20,075 yesterday. On the other hand, gold has also fallen from its previous day's high of Rs 1,55,204 to Rs 1,51,128 per 10 grams.
Experts have given three main reasons for this decline in prices:
Profit booking: Prices have come down due to profit booking by investors after the huge rise in the past few days.
Stock market rally: The surge in the stock market has reduced the demand for gold and silver as a safe investment.
Reduction in geopolitical tensions: The reduction in geopolitical tensions at the global level has put pressure on prices.
Market experts believe that it would be right to wait a little for new purchases or investments as there is a possibility of further decline in prices. However, those who have bought silver at high prices have been advised to hold for the long term instead of panicking as the market is still fundamentally strong.
If we look at historical data, in the year 2025, a major jump of 75% (Rs. 57,033) was seen in gold prices and 167% (Rs. 1,44,403) in silver prices. Gold, which was Rs 76,162 on December 31, 2024, reached Rs 1,33,195 by the end of the year 2025.