Gold, Silver Slip After Record Highs; Experts Predict Further Rally Amid Global Tensions

Commodity
M
Moneycontrol•07-01-2026, 13:36
Gold, Silver Slip After Record Highs; Experts Predict Further Rally Amid Global Tensions
- •Gold and silver prices saw a dip after reaching record highs, with silver on MCX falling by ₹6,000/kg due to profit-booking.
- •International silver prices touched $82.75, while gold neared $4500, both experiencing slight corrections.
- •Geopolitical tensions, including Trump's actions, Greenland's status, and China-Japan trade disputes, are key drivers for precious metals.
- •Government bond prices slipped; India's bonds are set for inclusion in Bloomberg's Global Aggregate Index, impacting market dynamics.
- •Experts like Chirag Thakkar predict Indian silver prices could reach ₹3 lakh, despite potential short-term corrections of up to 10%.
Why It Matters: Despite recent dips, experts foresee a strong rally for gold and silver, driven by global uncertainties.
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