Gold, Silver Prices Cool in India: Experts See Pause, Not Reversal

• Gold and silver prices declined across major Indian cities on January 9 due to a stronger US dollar and easing safe-haven demand.
• Gold traded around ₹1.37 lakh/10g, while silver was near ₹2.42 lakh/kg in the domestic market.
• Experts like Jateen Trivedi attribute near-term gold weakness to rupee volatility and global cues, expecting continued volatility.
• Silver outperformed gold broadly, driven by global supply deficit, strong industrial demand from green technologies, and investor interest.
• Medium to long-term outlook remains positive, with experts forecasting gold at ₹1.50-1.65 lakh/10g and silver at ₹3.00-3.25 lakh/10g by next year, despite potential short-term corrections.

Why It Matters: Current dip in gold and silver prices is a temporary pause, with experts bullish on long-term growth.