In a significant market correction, silver prices have continued their downward trajectory for the third consecutive trading session, settling at approximately Rs 2.6 lakh per kilogram. This decline follows a broader trend affecting precious metals, with gold prices also experiencing a drop to around Rs 1.52 lakh per 10 grams.
Steep Decline in Silver Values
The recent price movement represents a substantial correction for silver, which has now fallen by Rs 1,44,500 per kilogram over the last three trading sessions alone. This translates to a dramatic decrease of nearly 36 percent from the metal's record high of Rs 4,04,500 per kilogram, which was achieved on January 29, 2026.
Market Dynamics and Factors
Several factors are contributing to this pronounced decline in precious metal prices. Market analysts point to shifting investor sentiment, potential profit-taking activities following the recent surge, and broader economic indicators that may be influencing commodity markets. The correction comes after silver reached unprecedented levels just days earlier, suggesting volatility in the sector.
Gold Market Follows Similar Pattern
While silver has experienced the more dramatic percentage decline, gold prices have also moved downward in tandem. The yellow metal's drop to Rs 1.52 lakh per 10 grams indicates that the correction is affecting the broader precious metals category rather than being isolated to silver alone.
Historical Context and Market Impact
The current price levels represent a significant retreat from the recent highs, with silver now trading well below its record peak. This development is particularly noteworthy given the rapid pace of the decline, occurring over just three trading sessions. Market participants are closely monitoring whether this represents a temporary correction or the beginning of a more sustained downward trend for precious metals.
Investor Considerations
For investors and market observers, this price movement highlights the inherent volatility in commodity markets, especially for precious metals that had recently reached historic highs. The rapid reversal serves as a reminder of the importance of risk management strategies when dealing with such assets.
The market will continue to watch for further developments that might influence precious metal prices, including global economic indicators, currency fluctuations, and investor behavior patterns in the coming trading sessions.
