Gold-Silver Prices Plunge 8000 Rupees: Opportunity Amidst Volatility?

• Gold and silver prices saw a major decline of 8000 rupees on MCX at the start of the week, specifically February 16, 2026.
• Silver prices dropped below 2.50 lakh rupees, reaching 2.35 lakh rupees per kilogram, while gold hit 1.58 lakh rupees.
• Experts view the current dip as a buying opportunity for medium-term investors, despite temporary pressure from profit booking and a stable US dollar.
• Global economic uncertainty and potential Federal Reserve interest rate cuts are expected to boost gold's appeal as a 'safe haven'.
• Technical charts suggest gold is strong at $5,000, with potential to reach $5,150-$5,350; silver could hit $90-$105 long-term due to industrial demand.