Gold, Silver Plunge: Will Weakness Continue? Experts Predict Further Decline

• Gold and silver experienced a sharp decline in international markets due to profit booking.
• Silver fell over ₹12,000/kg from its record high, while gold dropped more than ₹3,300/10 grams.
• Rising dollar index and US Treasury yields are pressuring gold prices, making it more expensive and increasing opportunity cost.
• Commodity experts anticipate further decline due to Bloomberg Index rebalancing between January 9-15.
• Brokers like CITI, Soc Gen, Deutsche Bank, and GS predict significant outflows/selling, but Saxo Bank sees a buying opportunity post-rebalancing.

Why It Matters: Gold and silver face sharp declines, with experts predicting further weakness due to market rebalancing.