World · India Bureau
Gold and silver prices plunge sharply in major weekly selloff
Precious metals markets have experienced significant declines over the past week, with gold falling more than ₹4,000 per unit and silver dropping over ₹17,000 in the same period.
LSN India ·
Gold and silver prices have registered substantial losses in Indian markets during the past seven days, reflecting broader weakness in global precious metals trading.
Gold has declined by more than ₹4,000 per unit over the week, while silver has experienced a steeper correction with prices falling in excess of ₹17,000 during the same timeframe. The sharp pullback in both metals comes amid fluctuating demand and shifting investor sentiment in commodity markets.
The price movements in precious metals have drawn attention from investors and jewelers monitoring the cost of raw materials. Gold remains a significant investment and consumption asset in India, while silver is tracked closely by both industrial users and retail buyers.
Market participants are observing the trajectory of both metals as global economic conditions and currency fluctuations continue to influence commodity valuations. The current price levels are expected to guide purchasing decisions among Indian consumers and traders in the coming days.