Gold and silver prices towards record level, buy now or will you have to wait for a while, is the right decision?

Gold Silver Rates: Gold and silver prices remain near recent highs, leaving many retail buyers uncertain about their next move. Amidst global uncertainty, changing interest rate expectations and price fluctuations, the focus has shifted from tracking daily price fluctuations to making informed purchasing decisions.

Gold prices in India have remained stable while silver prices have seen more fluctuations. Due to this fluctuation in prices, buyers have become cautious, especially those who want to buy jewelery or make small investments instead of short-term trading.

Why gold prices will not fall rapidly

Market experts say that unless there is a major change in the global situation, there is no possibility of a sharp decline in gold prices. Ross Maxwell, global strategy operations lead at VT Markets, said a combination of several developments would be necessary for a decline of about 25% from current levels.

Such a combination will reduce the demand for gold as a safe haven and push investors towards assets giving better returns like bonds.

However, he said that this is not the most likely scenario at this time. Ongoing geopolitical tensions and continued demand from Asian markets are helping to support gold prices. A gradual recovery in prices or a period of price stability seems more likely than a sudden crash.

What does this mean for gold buyers?

For retail buyers, this means exercising caution rather than making rash purchases. Gold prices may not fall sharply, but it is also unlikely that they will rise sharply in the future. Experts suggest that buyers can spread their purchases over time or wait for a slight drop in prices instead of making a large purchase at current prices all at once.

In this environment, gold makes more sense as a long-term holding rather than a short-term bet.

Why is silver so volatile?

The story of silver is a little different. While long-term demand from industries like solar power and electric vehicles supports silver prices, short-term trading plays an important role in the movement of this metal.

Maxwell said that a sharp rise in silver often attracts people who want to make a quick profit, and they can get out of the market just as quickly. If speculative interest diminishes or overall market confidence improves, silver prices could fall sharply. Although a prolonged decline is not necessary, short-term volatility is likely to remain high.

The message for common investors is simple. It is best to buy gold carefully and for the long term, where patience is more important than buying at the right price. There may be opportunities in silver but it has more price fluctuations and more risk.

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