Experts advised investors to diversify, avoid panic selling, and eye rebounds from central bank demand.
The increase means those who want to trade futures of gold, silver, platinum and palladium will need to put up more collateral to ensure they can meet their obligations.
With infrastructure demand assured, the metals sector looks to Budget 2026 for cost relief, supply security and policy stability rather than fresh incentives.
The precious metals, viewed as safe-haven investments, had already begun sliding on reports, later confirmed, that Trump had nominated former Fed official Kevin Warsh to replace Jerome Powell as chair of the US central bank.
Copper fell almost 4% in London, after surging above $14,000 a ton for the first time Thursday in its biggest intraday jump since 2008.
Spot gold dropped 5.8% to $5,081.52 per ounce at 09:37 a.m. ET (1437 GMT), after retreating to an intraday low of $4,957.53 earlier. U.S. gold futures for February delivery slipped 4.1% to $5,079.60
Silver ETF AUM in India has recently crossed Rs 40,000 crore. However, commodities can be volatile, and flows linked purely to momentum may not always be durable
The sharp fall in gold and silver's global prices comes amid speculations that the US Federal Reserve may get a more hawkish chair.
The price of bullion has skyrocketed is recent weeks, with the yellow metal advancing more than 20% since the start of January, despite a pullback on Friday
The precious metal had climbed more than 20% just this month, with some technical indicators pointing to a near-term price correction.
This year, silver prices have risen Rs 1,65,500, or 69.2 per cent, from Rs 2,39,000 per kg recorded at the end of last year.
Spot gold was 2.1% higher at $5,514.03 an ounce by 08:52 a.m. ET (1352 GMT), after earlier touching $5,594.82. Gold has gained over 28% so far this month.
Budget 2026 must fix tax distortions that push household investors into unintended risk across debt, equity, hybrids and pensions.
Financial markets are typically the first to register and absorb the impact of an uncertainty shock
Silver's explosive 250% rally has pushed it to record highs, but signs of demand destruction and institutional profit-taking suggest the historic surge may be losing momentum.
Silver has delivered an exceptional rally of over 200% in the past 12 months, sharply outperforming gold’s 80% rise during the same period.
Spot gold was up 1.4% at $5,259.78 an ounce by 09:13 a.m. ET (1413 GMT) after touching a record $5,311.31. Prices gained more than 3% in the previous session
While safe-haven demand and industrial catalysts remain supportive, experts caution that this is not the optimal entry point for fresh allocations.
A key objective is also to establish India as a global diamond trading hub, complementing its position as the world’s leading cutting and polishing centre, says the industry
As Budget 2026 nears, gold investors want safer, liquid alternatives that move savings beyond physical gold holdings.
The gems and jewellery industry is seeking import duty rationalisation, lower GST on jewellery, easier customs procedures and measures to support demand, exports and employment.
The London Bullion Market Association's annual precious metals forecast survey shows analysts projecting gold rising as high as $7,150 and averaging $4,742 in 2026.
This comes at a time when global equities have delivered strong gains, prompting renewed investor interest but is it as simple as it sounds? Read on
While the ETFs are still away from their recent highs, the precious metals surged to fresh lifetime highs.
Unorganised jewellers (~53% of the market) are under pressure due to outright inventory buying, lack of hedging, and limited liquidity, leading to delays in design refreshes and store expansions.