Gold & Silver Prices Dip: Experts Reveal Reasons, Long-Term Outlook Remains Strong

• Gold and silver prices saw a decline on Friday, January 9, with gold trading around ₹1.37 lakh/10 grams and silver at ₹2.42 lakh/kg in India.
• The dip in gold prices is attributed to a strengthening US dollar, rupee fluctuations, and lack of new international triggers, not a major trend reversal.
• Silver's strength persists due to persistent supply shortages, strong industrial demand, renewed investor interest, and declining mining supply.
• Experts like Jatin Trivedi and Prithviraj Kothari believe the long-term outlook for both precious metals remains positive despite short-term volatility.
• Gold is projected to reach ₹1.50-1.65 lakh/10 grams and silver ₹3.00-3.25 lakh/10 grams in India within the next year, supported by interest rate cuts and central bank buying.

Why It Matters: Despite short-term dips due to global cues, experts maintain a strong long-term positive outlook for gold and silver.