Gold, Silver Prices Soar to Record Highs; Experts Warn of Imminent Sharp Fall

• Gold and silver prices reached unprecedented highs, with gold at ₹1.40 lakh and silver crossing ₹2.50 lakh per kg in India.
• Experts warn of a potential sharp correction (10-20% in a single day) due to thin markets and speculative investment, citing silver's 30% rise in 9 days as a worrying sign.
• Physical demand for jewelry is weak, with consumers opting for lighter or lower-carat gold, while prices are driven by institutional investments like ETFs.
• The jewelry industry faces challenges, with increased stock value and working capital pressure, as sales slow down despite wedding seasons.
• Experts advise potential buyers to wait for a price correction and investors to use installment plans to mitigate risk, though long-term value remains.

Why It Matters: Record gold/silver prices face expert warnings of sharp correction; wait to buy, invest cautiously.