Gold Stable, Silver Plunges: Experts Advise on Buying, Selling, or Holding

Commodity
M
Moneycontrol•06-02-2026, 17:11
Gold Stable, Silver Plunges: Experts Advise on Buying, Selling, or Holding
- •Gold futures for April delivery rose by 0.64% to ₹1.53 lakh per 10 grams on MCX.
- •March delivery silver futures plummeted by ₹8,198 to ₹2.39 lakh per kg, after an intraday low of ₹2.29 lakh per kg.
- •Silver's sharp fall is attributed to rapid price increases, a stronger US dollar, and easing geopolitical tensions.
- •Experts recommend a disciplined, gradual buying strategy for precious metals, avoiding reactive trading.
- •Silver is best as a supporting allocation in a diversified portfolio; gold's long-term fundamentals remain strong.
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