New Delhi: Gold and silver prices witnessed a decline today, with silver experiencing a sharp fall of up to ₹10,000 per kilogram and gold dropping by nearly ₹1,500 per 10 grams.
On the MCX, March silver contracts had closed at ₹250,605 per kg in the previous session and opened at ₹251,041 today. During trading, silver fell to a low of ₹240,605 per kg. As of 1:22 PM, silver was trading at ₹242,346, down ₹8,259 or 3.3% from the previous close.
Meanwhile, February gold contracts opened marginally lower at ₹137,996 per 10 grams, after closing at ₹138,009 per 10 grams in the previous session. During the session, gold slipped to a low of ₹136,500 per 10 grams. At 1:24 PM, gold was trading at ₹137,035, down ₹974 or 0.71%. Last year had seen record highs in both gold and silver prices.
Outlook Ahead
According to a recent HSBC report, silver’s recent rally may be losing momentum. The bank warned that prices have reached volatile levels amid heightened market uncertainty. While gold continues to serve as a safe-haven investment, silver’s fundamentals, particularly industrial and jewelry demand, appear to be weakening. HSBC’s 2026 outlook highlights potential challenges that could slow silver’s long-term growth trajectory.
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