Gold and silver prices in India declined on Tuesday after reaching record highs in the previous session. The fall came as investors booked profits and stayed cautious ahead of important global economic updates.
On the Multi Commodity Exchange (MCX), gold futures fell by about ₹450 per 10 grams, easing from an all-time high hit a day earlier. Silver prices dropped more sharply, falling nearly ₹2,100 per kilogram, after briefly crossing the ₹2 lakh level. The decline marks a pause following a strong rally seen over recent weeks.
Market experts said such a correction was expected after the sharp rise in prices. Investors are now waiting for key economic data from the United States and policy decisions from major central banks, including the Bank of Japan. These developments are expected to influence interest rate expectations and currency movements, both of which impact gold and silver prices.
A slightly stronger US dollar and higher bond yields also put pressure on precious metals. When interest rates rise, gold and silver become less attractive compared to interest-bearing assets, leading to short-term selling.
Despite the dip, analysts believe the overall outlook for bullion remains supportive. Gold continues to attract buyers as a safe-haven asset during periods of global uncertainty. Silver, meanwhile, is benefiting from strong industrial demand and limited supply, which has helped it outperform gold in recent months.
In physical markets across Indian cities, gold and silver prices softened in line with futures markets, though buying interest remained mixed. Jewellers and retail buyers are closely tracking price movements, waiting for stable levels before making fresh purchases.
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