Gold, silver prices fall sharply on MCX: Check rates here
Gold and silver prices on MCX dropped sharply on Friday after weeks of big gains—gold slipped nearly 3% to ₹1,25,957 per 10gm, while silver fell over 8% to ₹1,53,929 per kg.
This cool-off came as traders locked in profits and global tensions eased a bit.
What's behind the price drop?
A softer tone in US-China trade talks and peace moves by major powers calmed markets, making investors more willing to take risks elsewhere.
After a nine-week rally, analysts say this reset is normal and keeps the bigger bullish trend for gold and silver intact—thanks to supply shortages (especially in silver) and steady demand from central banks (primarily for gold).
Good entry point for long-term investors
Even with short-term ups and downs, gold and silver are still seen as smart long-term bets.
The current price drop could be a good entry point—especially with Dhanteras coming up when demand usually spikes.
Plus, silver's use in tech keeps its outlook strong if you're thinking about investing for the future.