Silver prices have witnessed a sharp correction, but the long-term outlook remains supported by strong industrial demand and persistent supply deficits. Ajay Kedia, MD & Director, Kedia Advisory, explains why silver could potentially outperform gold, citing rising demand from EVs, solar and data centres, along with silver’s growing importance as a critical metal. He highlights key support levels and explains how the gold-silver ratio could signal further upside. Kedia expects silver to potentially move towards ₹3 lakh by year-end if industrial demand remains strong and geopolitical tensions ease.
Gold prices have slipped to a seven-week low, raising questions about whether the correction offers a fresh buying opportunity. The recent decline has been driven by a stronger dollar, easing crude oil prices, inflation concerns and expectations around US Federal Reserve policy. Ajay Kedia, MD & Director, Kedia Advisory, explains why the broader fundamentals remain supportive, with continued central bank purchases, ETF demand and de-dollarisation trends. He also highlights key MCX levels and explains why gold could remain range-bound in the near term. Kedia expects gold prices to potentially retest ₹1.75–1.80 lakh by year-end if fundamental demand stays strong.
Metal demand remains strong, but the outlook could differ for manufacturers and metal users as input costs and pricing power come into focus. Deven Choksey, MD, DR Choksey FinServ Private, discusses why ferrous and non-ferrous metal manufacturers could benefit from lower energy costs and resilient demand, while companies such as automakers may face margin pressure if higher metal prices cannot be fully passed on. The outlook for white metals is also discussed, along with gold and silver, where demand remains positive but the pace of price growth may moderate. The conversation highlights what investors should watch across metals and precious metals. Like, Share, and Subscribe to our channel Business Today.
Jewelry stocks are regaining investor attention as organized retailers capture market share from unorganised players.
Gold has corrected nearly $1,500 per ounce from its January peak, falling from $5,600 to around $4,155. While domestic jewelry demand is down almost 70%, commodity analyst Anuj Gupta highlights an attractive entry window for patient, long-term investors. Short-term headwinds - including bond yield pressure, interest rate worries, and geopolitical shifts - could keep prices subdued through 2026. However, as global central banks shift toward monetary easing and rate cuts in 2027, the macro backdrop strongly favors bullion. For portfolio diversification, the $4,000 to $4,100 per ounce range provides a solid accumulation zone. Avoid chasing quick trading gains and build positions systematically for the multi-year cycle ahead. Are you accumulating on this gold dip, or waiting for lower levels? Share your view in comments.
Join us on Business Today for a critical commodity market check! With gold slipping 6% this September to multi-month lows and testing its 200-day moving average, investors are asking: is this a buying opportunity? Rising global oil prices, surging inflation, and higher bond yields have squeezed precious metals, but the long-term outlook remains bright. In this livestream, Navneet Damani, Head Research - Commodities & Currency, MOFSL and Commodity Analyst Anuj Gupta decode the recent price corrections in gold and silver. Discover why both analysts view this dip as a strategic entry point, learn their Diwali price targets for gold (projected around ₹1.50 to ₹1.65 lakh per 10g), and find out why crude oil and natural gas might be the next big breakout trades.
Gold, Silver Prices Fall: What’s Behind The Drop And What Analysts Expect Next
Retail gold purchases in India attract a standard 3% GST on the value of the metal, plus the making charges. Import duties and local transport surcharges also influence regional price variations across states.
Gold and silver have witnessed a corrective move after their recent rally, with both precious metals now showing signs of consolidation. MCX Gold has declined from around ₹1,64,700 to ₹1,50,000, while ₹1,42,000–₹1,45,000 is being seen as a key support zone. Chandan Taparia, Head Derivatives & Technical, Wealth Management, Motilal Oswal Financial Services, expects gold to remain a buy-on-decline opportunity, with ₹1,65,000–₹1,70,000 as potential levels. In silver, ₹2,25,000 is a key support, while ₹2,45,000–₹2,50,000 could be important on the upside. The expert explains the outlook for the next one to three months.
Gold prices remain in focus as strong central bank buying and fourth-quarter demand support the precious metals market. With China, Poland and other central banks continuing to buy gold, investors are tracking the outlook for bullion prices amid elevated crude oil and a weaker rupee. Speaking to Business Today, Vandana Bharti, Head - Commodity Research, SMC Global Securities, shares her gold price targets for the rest of 2026. She expects international gold prices to reach $4,800–$5,000 and sees MCX gold potentially moving towards ₹1.7 lakh–₹1.8 lakh by year-end. Get the latest gold and silver market insights.
Oil prices above $100 a barrel are raising concerns for inflation, economic growth and gold prices in India. A weaker rupee and elevated energy costs could influence the domestic bullion market, while supply disruptions and freight charges remain key factors for crude oil. Speaking to Business Today, Vandana Bharti, Head - Commodity Research, SMC Global Securities, explains how crude oil prices, rupee depreciation and inflation could impact gold. She also discusses the outlook for crude oil if geopolitical tensions ease, the possibility of prices moving towards $80–82 and how changing central bank policies may affect precious metals. Get the latest gold and silver market insights.
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