Gold, Silver Investment Warning: Experts Predict 30-40% Price Drop

• Experts advise against new investments in gold and silver at current levels, predicting a significant price correction.
• Gold prices on MCX fell by ₹15,000, and silver hit a lower circuit, attributed to profit-booking and a strong US dollar.
• Ajay Kedia of Kedia Advisory foresees an 18-20% fall in gold and 30-40% in silver, citing a 'bubble-like situation'.
• Kunal Shah of Nirmal Bang Securities suggests selling on rallies, expecting silver to drop to $80-90 and gold to $4800.
• Dinesh Somani of ProIntelitrade Services notes an unprecedented surge in silver and advises against current investments, predicting a fall to ₹3.20-3.35 lakh.

Why It Matters: Experts warn against new gold and silver investments, forecasting a substantial price correction due to market bubbles.