Silver Plunges ₹7,000 as Precious Metals Face Sharp Decline

Precious metal markets across India are experiencing considerable turbulence, with silver bearing the brunt of the recent selloff. The white metal has declined by ₹7,000, pushing prices toward the ₹1.80 lakh per kilogram mark, marking a significant correction for investors holding the commodity.

The downturn extends beyond silver, with gold also experiencing sharp losses in recent trading sessions. Market analysts point to the broader correction as investors reassess positions across the precious metals complex.

Over a ten-month period, silver has depreciated by approximately ₹2.40 lakh per kilogram, reflecting sustained selling pressure and shifting market sentiment. The extended decline has eroded investor confidence in the metal as a store of value during this period.

The simultaneous weakness in both gold and silver suggests broader macroeconomic factors are influencing investor behavior in the precious metals space. Market participants are closely monitoring global economic indicators and central bank policies that typically influence precious metal valuations in India and across international markets.