Business News›News›India›Gold drops ₹10,000/10g, silver below ₹4 lakh: Is this the right time to buy?
Gold drops ₹10,000/10g, silver below ₹4 lakh: Is this the right time to buy?
Gold and silver futures opened lower on Jan 30, as investors booked profits after record-breaking rallies earlier this week. MCX February gold fell Rs 10,000 to Rs 1,61,000 per 10g, while March silver dropped Rs 24,000 to Rs 3,75,900/kg. Analysts cite global uncertainties, US-Iran tensions, and upcoming Union Budget as drivers of volatility. Experts suggest buying gold on dips between Rs 1,68,000–1,64,000 with stop-loss at Rs 1,61,100 and targets of Rs 1,72,800–1,75,000.
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