Gold and silver prices witnessed a fresh decline in the domestic bullion market on Monday, extending the correction from their record highs earlier this year. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell by ₹1,079 per 10 grams, while silver declined by ₹3,155 per kilogram, reflecting continued volatility in precious metal markets.

The latest correction comes amid a stronger US dollar and profit-booking by investors after the sharp rally seen during the first quarter of 2026.

Gold Falls Below ₹1.43 Lakh

IBJA data showed that 24-carat gold was priced at ₹1,42,289 per 10 grams, down from the previous session. Retail prices in major cities remained close to the IBJA benchmark.

According to market rates:

• Delhi: ₹1,43,060 per 10 grams

• Mumbai: ₹1,42,910

• Kolkata: ₹1,42,910

• Jaipur: ₹1,43,060

• Bhopal: ₹1,42,960

• Patna: ₹1,42,960

• Lucknow: ₹1,43,060

• Raipur: ₹1,42,910

• Ahmedabad: ₹1,42,960

Other benchmark prices stood at ₹1,30,337 for 22-carat gold, ₹1,06,717 for 18-carat, and ₹83,239 for 14-carat gold per 10 grams.

Silver Extends Correction

Silver prices also continued their downward trend, with the metal trading at ₹2,17,235 per kilogram, down by ₹3,155 from the previous session.

Despite the latest decline, analysts note that silver remains one of the most volatile commodities in the precious metals segment, influenced by both investment demand and industrial consumption.

Prices Down Significantly from Record Highs

Both bullion metals have corrected substantially from the all-time highs recorded earlier this year.

Gold touched a historic peak of ₹1,76,121 per 10 grams on January 29, 2026, before witnessing sustained profit-booking. Since then, the yellow metal has fallen by nearly ₹34,000 per 10 grams.

Silver experienced an even steeper correction. After reaching a record ₹3,85,933 per kilogram on January 29, prices have declined by around ₹1.69 lakh per kilogram over the past five-and-a-half months.

Market experts say the correction reflects changing global market sentiment rather than weakening long-term demand.

Why Are Gold and Silver Prices Falling?

Analysts attribute the latest decline to multiple global factors.

A stronger US dollar has weighed on international bullion prices following signals from the US Federal Reserve regarding monetary policy. Since gold and silver are globally priced in dollars, a stronger greenback generally makes the metals more expensive for international buyers, reducing demand.

Another major factor is profit-booking. After prices surged to record levels earlier this year, institutional investors and traders have been locking in gains, triggering a correction across bullion markets.

Experts Advise Staggered Investment

Commodity market experts believe the ongoing correction could present buying opportunities for long-term investors, but advise against making lump-sum investments.

According to commodity analyst Ajay Kedia, investors may consider accumulating gold and silver gradually through systematic purchases instead of investing all at once. He expects that, subject to global economic conditions, gold could approach ₹1.60 lakh per 10 grams and silver may recover towards ₹2.80 lakh per kilogram by the end of the year.

Buying Precious Metals? Keep These Points in Mind

Jewellery buyers are advised to purchase only BIS hallmarked gold, which certifies the purity of the metal. Consumers should also compare prevailing market prices from reliable sources before making purchases.

For silver, experts recommend simple authenticity checks such as the magnet test, ice test, smell test and cloth test, though certification remains the most reliable way to verify purity.

With global economic uncertainty, central bank policies and currency movements continuing to influence bullion prices, market participants expect gold and silver to remain volatile in the coming months.