gold buying opportunity – News Analysis India

Precious Metals Crash: Gold at Rs 1.58L, Silver Dips Rs 4750/kg

News Analysis India — Thu, 26 Feb 2026 00:00:00 +0000

In a welcome relief for gold and silver enthusiasts, domestic prices nosedived on Thursday, with silver leading the decline by nearly Rs 4,800 per kg. The India Bullion and Jewellers Association reported 24-carat gold easing Rs 986 to Rs 1,58,022 for 10 grams, after closing at Rs 1,59,008 the previous session. Lower purities saw similar corrections: 22-carat at Rs 1,44,748 (down from Rs 1,45,651) and 18-carat at Rs 1,18,517 (from Rs 1,19,256).

Silver’s plunge was steeper, dropping Rs 4,750 per kg to Rs 2,60,667, a level not seen recently amid bullish trends. These spot rates, issued by IBJA morning and evening, signal broader market softening.

MCX futures mirrored the trend, with gold April 2026 contracts falling 1.25% to Rs 1,59,133 and silver March 2026 declining 3.45% to Rs 2,59,048. Overseas, Comex showed gold off 0.86% at $5,181/oz and silver weaker by 4.71% at $86.70/oz as of report time.

A robust US dollar and progress in US-Iran negotiations have dimmed gold’s safe-haven allure. LKP Securities’ Jatin Trivedi explained, ‘Easing Middle East risks is shifting investor sentiment away from bullion towards equities.’ He identifies key levels: support at Rs 1,58,000 and resistance around Rs 1,64,000 for gold.

This correction could spur physical buying, especially with wedding and festival seasons looming. Traders remain cautious, eyeing Fed policies and currency movements for the next leg.

Major Dip in Gold & Silver Rates: Great News for Investors

News Analysis India — Thu, 08 Jan 2026 00:00:00 +0000

Precious metal enthusiasts rejoice! Gold and silver prices have nosedived dramatically, creating a golden window for purchases. This sharp correction has caught the market off guard, reversing weeks of upward momentum.

In India, MCX gold futures settled at ₹65,150 for 10 grams, a steep fall of ₹1,900, while silver futures dropped to ₹78,400 per kg, shedding ₹2,100 in a single session. Global benchmarks mirror this: gold at $2,325/oz and silver at $27.05/oz.

Several factors converged to trigger this sell-off. A robust US jobs report bolstered the dollar index to multi-month highs, diminishing gold’s safe-haven appeal. Additionally, reduced tensions in key conflict zones prompted investors to rotate into equities.

Long-term holders remain unfazed, viewing this as a healthy pullback. For new entrants, it’s an ideal entry point ahead of seasonal demand spikes during Diwali and wedding seasons. Industry leaders note increased footfall at bullion exchanges.

Looking ahead, technical charts suggest support levels holding firm, but a break below could extend the decline. Traders are advised to monitor Fed speeches and inflation prints, which could dictate the next move.

This episode highlights the interplay between currency strength, policy decisions, and sentiment in shaping metal prices. Savvy investors are positioning accordingly, balancing caution with opportunity in these fluctuating times.