New Delhi: Gold and silver prices have witnessed a sharp decline over the past one and a half months, reflecting changing global market trends and shifting investor sentiment.
According to India Bullion and Jewellers Association data, the price of 24-carat gold stood at around Rs 1,75,340 per 10 grams on January 29, 2026. By April 2, 2026, it had fallen to approximately Rs 1,34,293 per 10 grams, marking a steep decline of Rs 41,047.
Silver prices have also seen a significant drop during the same period. Rates fell from about Rs 3,79,888 per kilogram on January 29 to Rs 2,27,813 per kilogram on April 2 — a decrease of nearly Rs 1.52 lakh per kilogram.
The downward trend has been particularly noticeable over the past month. Gold prices declined by Rs 33,178 per 10 grams from March 2 levels, when it was priced at Rs 1,67,471. Silver also dropped by Rs 62,035 per kilogram during the same period, falling from Rs 2,89,848.
Market analysts attribute the decline to multiple global factors. Despite ongoing geopolitical tensions and fears of rising inflation, investors appear to be moving away from traditional safe-haven assets like gold and silver.
Instead, many investors are shifting towards the US dollar, which has been strengthening steadily. The rise in the dollar’s value has reduced the appeal of precious metals in international markets.
At the same time, global instability linked to ongoing conflict and rising crude oil prices has added uncertainty to financial markets, further influencing investment patterns.
Experts note that fluctuations in gold and silver prices are driven by a range of factors, including currency movements, inflation expectations and global economic conditions. They advise investors to seek professional guidance before making investment decisions.
