The sharp decline in gold and silver prices over the past month has caught the attention of investors looking for attractive entry points. While the correction has made precious metals more affordable, market watchers say the focus should remain on long-term investing rather than chasing short-term gains.
Gold is currently trading at ₹1,45,789 per 10 grams, while silver stands at ₹2,33,701 per kg on the Multi Commodity Exchange (MCX). Over the past month, gold prices have fallen 5.65%, slipping from ₹1,54,529 per 10 grams, while silver has dropped 10.78% from ₹2,61,939 per kg.
The decline comes after a strong rally earlier this year. Profit booking by investors, easing global tensions and changing expectations over interest rate cuts in the United States have all contributed to the recent correction in bullion prices.
Despite the fall, the broader outlook for gold remains encouraging. Strong demand from central banks, concerns over the global economy and expectations of easier monetary policy are expected to continue supporting prices over the long term.
Financial advisers believe the current dip should be seen as an opportunity to accumulate gradually instead of making large one-time investments. Buying in smaller quantities over a period of time can help investors manage market volatility while averaging their purchase cost.
Silver is expected to remain more volatile than gold because of its dual role as both an investment asset and an industrial metal. While it offers the potential for higher returns, it is also more vulnerable to sharp price movements. Investors are therefore advised to build exposure in phases rather than investing aggressively.
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