Gold, Silver Plunge: Will Profit-Booking Continue? Experts Weigh In on Market Volatility

Commodity
M
Moneycontrol•08-01-2026, 14:49
Gold, Silver Plunge: Will Profit-Booking Continue? Experts Weigh In on Market Volatility
- •Gold and silver prices experienced a sharp decline in the international market, with silver falling by ₹10,000 on MCX and gold by ₹1,500.
- •The price drop is attributed to Bloomberg's index rebalancing between January 9-15, which will adjust commodity weightages, leading to anticipated selling pressure.
- •Major brokers like Citi, Deutsche Bank, Soc Gen, and Goldman Sachs forecast significant outflows and sell-offs in gold and silver futures.
- •Experts suggest that while short-term volatility is expected, the post-rebalancing period could present a good buying opportunity for precious metals.
- •Client Associates highlights gold and silver as crucial portfolio diversifiers for 2026 amidst global uncertainties, emphasizing asset allocation over market timing.
Why It Matters: Sharp fall in gold and silver due to index rebalancing; experts see potential buying opportunity post-volatility.
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