Gold Down 20%, Silver Crashes 50%: Navneet Damani’s Investment Strategy

Gold and silver prices have seen sharp volatility amid global uncertainty, with gold correcting nearly 20% and silver plunging up to 50% from recent peaks. Market expert Navneet Damani, Head Commodity & Currency Research, MoFSL now say the safe-haven narrative has weakened in the short term, especially for silver, which is behaving more like an industrial metal. However, strong central bank buying and inflation concerns continue to support gold prices. Analysts suggest that levels near $4,000 for gold and $60 for silver could offer attractive entry points for long-term investors. With the rupee weakening and crude oil risks looming, domestic prices may remain elevated. Experts advise investors to accumulate gradually on dips rather than panic, calling this phase a strategic buying opportunity across commodities and even equities.