Gold and Silver Slump: Correction or Buying Opportunity?
Gold and silver have tumbled sharply, with domestic gold down nearly 30% to Rs 1.35 lakh per 10 grams and silver falling over 50% from recent highs. The sell-off, wiping nearly $2 trillion from global markets in hours, is driven by profit-booking, a strong U.S. dollar, rising bond yields, and oil prices above $110 per barrel.
Analysts view this as a corrective phase rather than a trend reversal. Gold may see further dips to Rs 1.32–1.33 lakh, while a rebound to Rs 1.48–1.49 lakh is possible. Silver could recover to Rs 2.40 lakh.
Investors with a medium- to long-term horizon may consider staggered buying near support levels, keeping in mind ongoing geopolitical tensions and market volatility. The overall correction is seen as a pause, not the start of a sustained downtrend.
