Gold and silver prices witnessed a marginal decline on Friday, extending losses from their recent record highs amid profit booking and improving sentiment in global financial markets. While the fall was modest, analysts said the correction reflects changing investor preferences as risk appetite improves.
According to market data, the price of 24-carat gold declined by ₹10 to ₹1,45,630 per 10 grams. Silver prices also eased by ₹100 and were trading at ₹2,49,900 per kilogram. The decline follows a sharp rally in precious metals over the past few months, during which both gold and silver touched historic highs.
Market experts attribute the recent weakness in bullion prices to easing geopolitical tensions, gains in global equity markets and a stronger appetite for risk among investors. As stock markets recover and economic concerns show signs of easing, some investors are shifting funds from traditional safe-haven assets such as gold into equities and other growth-oriented investments.
Despite the recent decline, analysts stressed that gold remains one of the best-performing asset classes in recent years. Rising inflation concerns, uncertainty over global economic growth and central bank purchases have continued to support long-term demand for the yellow metal.
Financial advisors believe the current correction should not be viewed as a signal to exit investments. Instead, they recommend that investors maintain a long-term perspective and use temporary price declines to gradually increase their holdings. Experts also advised investors to avoid making emotional decisions based on short-term market movements.
Silver, which often mirrors trends in gold prices, also witnessed a slight decline. However, analysts noted that strong industrial demand from sectors such as electronics, renewable energy and manufacturing could provide support to silver prices in the coming months.
Going forward, bullion markets are expected to remain sensitive to global economic data, interest rate decisions by major central banks and geopolitical developments.
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