In the two days after that, silver and gold recovered 11 per cent and 6.5 per cent, with the prices once again seeing pressure in trade today
The surge of precious metals came to a sudden halt at the end of last week, with silver seeing its biggest ever daily drop on Friday and gold plunging the most since 2013
MCX gold April 2 futures rose 3.49 per cent to ₹1,49,017 per 10 grams, while MCX silver March contracts jumped 6.92 per cent to ₹2,52,603 per kg on Tuesday
In the global market, spot gold and silver prices were lower by 6 per cent and 11.8 per cent, respectively. From their record highs, gold and silver are down 13.5 per cent and 32 per cent
Bandhan Silver ETF plummeted 19 per cent during Sunday's special trading session on account of the Union Budget presentation
Gold and silver ETFs extended their decline amid a sharp global sell-off in precious metals, prompting BSE to revise price band calculations to T-1 NAV to better reflect heightened market volatility
Gold and silver futures opened sharply lower ahead of the Union Budget 2026, retreating steeply from record highs amid profit booking in domestic and international markets
Calling this record crash in gold and silver prices a "rare" event, Zerodha founder and CEO Nithin Kamath said these are the days when risk management doesn't work
Gold and silver ETFs in India logged their steepest single-day fall as global precious metal prices retreated sharply after a strong rally
In January so far, MCX spot silver has rallied 67 per cent and gold has gained nearly 32 per cent, according to data compiled by Bloomberg
Despite the sharp run, analysts expect silver prices to continue their upward march amid intermittent corrections, which they feel will be bought into by investors.
Silver prices have surged to record levels on the MCX, crossing ₹4 lakh per kilogram in the fastest ₹1-lakh rise ever.
IPO momentum fades in early 2026 as weak listings, FPI outflows and promoter selling weigh on markets, even as gold and silver steal the spotlight from equities
Spot silver is expected to test psychological resistance at $100 amid lingering geopolitical uncertainty and worries. Risk will come from easing geopolitical concerns
In January so far, MCX spot silver has rallied 28 per cent and gold has gained nearly 13.6 per cent, according to data compiled by Bloomberg
At 10:33 AM, Tata Silver fell 15 per cent, Nippon Silver ETF, Mirae Asset Sharekhan, Aditya Birla Sun Life Silver ETF, and Bandhan Silver ETF slipped around 12 per cent
Silver moving through the $90/oz mark, believes Nigel Green, chief executive officer of deVere Group, a global consulting firm that has $14 billion in AUM, marks a decisive shift in market psycology
The tariff threat, tied to a dispute over control of Greenland and broader trade tensions, has rattled markets and reinforced precious metals' appeal as a hedge against economic instability.
Roughly $6 billion of silver futures are set to be sold amid index rebalancing. Mirae Asset Sharekhan analyst suggests if Silver prices hold the support of $70, investors may consider buying the dip.
Gold exchange-traded funds saw record ₹11,700 crore inflow in December