Gold and silver prices in India continued their downward trend for the third consecutive day, following record highs seen just before Dhanteras 2025. By the end of Tuesday’s trading session, gold was down 2.06%, closing at Rs.1,18,461 per 10 grams, while silver dropped 1.36% to Rs.1,41,424 per kilogram. On the Multi Commodity Exchange (MCX), gold opened 0.7% lower at Rs.1,20,106 per 10 grams, compared to the previous session’s Rs.1,20,957. Silver also registered a similar decline, opening 0.69% lower at Rs.1,42,366 per kilogram.

The fall comes after a strong two-month rally, with traders now booking profits amid changing global cues. After a solid two-month rally, gold and silver prices came under heavy selling pressure as both metals slipped below key psychological levels — $4,000 for gold and $47 per ounce for silver. The decline is being driven by a stronger dollar index and renewed optimism over US trade discussions with China and India.

Analysts opine that gold prices continue to decline as safe-haven demand weakens amid optimism over a potential US–China trade deal and a stronger US dollar.Investors considering gold as a hedge should prepare for short-term volatility and sharp price swings Experts attribute this continued weakness to profit booking and global market cues. Many analysts warn that the downward momentum may persist in the short term, urging investors to monitor price movements before making fresh purchases.Despite the current dip, gold remains significantly higher than pre-festive season levels, highlighting ongoing volatility in the bullion market