Silver prices saw a sharp correction on Thursday, retreating steeply from record highs, while gold also eased in the national capital as global markets witnessed aggressive profit-booking. According to the All India Sarafa Association, silver plunged by Rs 12,500 to Rs 2,43,500 per kg after hitting an all-time high of Rs 2,56,000 per kg in the previous session. Also Read Gold, silver set for sharp swings after Maduro capture adds geopolitical edge to data weekMarket experts attributed the fall to position unwinding and a cooling of safe-haven demand. Gandhi said these events acted as headwinds for bullion prices. He noted that the non-farm payrolls report due on Friday is expected to increase volatility and offer clearer direction for bullion markets.

Source: The Telegraph January 08, 2026 13:07 UTC