Gold Price Today: A big drop in silver prices was recorded in the bullion market of the national capital on Thursday. Silver fell by Rs 4,900 to ₹ 90,900 per kg. The main reason for this is the strong selling by stockists and retailers. This fall in silver prices has come just after the rise of Rs 5,200 registered a day earlier. On Wednesday, silver reached the level of ₹ 95,000 per kg, which was the highest level in two weeks.

Gold also weakens, at ₹ 78,700

Gold prices also continued to fall. On Thursday, the price of gold of 99.9 percent purity fell by Rs 100 to ₹ 78,700 per 10 grams. At the same time, gold of 99.5 percent purity became cheaper by ₹ 400 and stood at ₹ 78,300 per 10 grams. Earlier on Wednesday, these prices were at ₹ 78,800 and ₹ 78,700 respectively.

impact of weak demand

Weak demand from jewelers and coin makers affected the prices of silver and gold. After the festive season ended, there was a decrease in demand in the market. Business sentiment also remained weak, the reason for which is being attributed to US policy changes and global uncertainty.

Influence of global factors

Gold and silver prices also remained under pressure in the international market. In the Asian market, Comex gold futures rose by $8.20 or 0.31 percent to $2,673 an ounce, while Comex silver futures fell by 0.15 percent to $30.51 an ounce.

Opinion of experts

Jatin Trivedi, Vice President, LKP Securities said, "Gold prices have seen a lot of volatility in recent days. It has got support due to Russia-Ukraine tension, but prices will remain volatile in the short term due to the movement ofthe  dollar index and global uncertainties."

Investors are advised to remain cautious.

Experts have advised investors to be cautious. In the current situation, there is a possibility of major fluctuations in the prices of gold and silver. This can be considered a suitable time for long-term investment, but the risk in short-term investment can be high.

The future scenario

The market trend will be decided in the coming days due to the possible change in interest rates by the US Federal Reserve and the impact of Donald Trump's tariff policies. Experts say that if there is stability in the global market, then there can be strength in the prices of gold and silver.