MediumNegative
Announced Thu, 2 Jul · 08:35 IST
Bought gold and silver at the top? Here's what experts suggest after prices plunged up to 50% from January highs
Price reaction · full curve
Awaiting price reaction for this filing.
AI summary
Gold has corrected 30 percent (around Rs 60,000) from its January peak of Rs 2.04 lakh per 10 grams, while silver has plunged 50 percent (about Rs 2.25 lakh) from its high of Rs 4.54 lakh per kg, catching investors who entered near the top with steep losses. The selloff has been driven by elevated crude oil prices reviving inflation fears, markets pricing in a 67 percent probability of a US Fed rate hike by September, and heavy profit booking after gold's 66 percent surge in 2025. Experts advise against panic selling, recommending phased accumulation via SIPs for gold while suggesting investors stay cautious on silver until US dollar and Fed policy direction become clearer.