Business
Gold And Silver May Crash Soon, Expert Predicts Major Fall In Prices Soon
Gold and silver prices have been on a record-breaking rise for months, touching all-time highs globally. While most brokers and market analysts predict the rally will continue, Amit Goyal, Co-founder and Chief Global Strategist of PACE 360—which manages over $2.4 billion in assets—has issued a stark warning: the surge may soon end with a major crash.
In Delhi, as of October 6, 24-carat gold costs Rs 1,19,540 per 10 grams, and silver is priced at Rs 1,54,900 per kilogram.
Goyal warns that both precious metals are at their “most dangerous peak in decades.”
He noted, “In the past 40 years, only twice have gold and silver performed this well when the dollar index was weak. In both cases, a massive crash followed.”
According to Goyal, gold and silver are nearing major psychological resistance levels—signals that often mark the end of a bull run.
“I expect both metals to hit these levels in the coming days or weeks, after which a sharp selling wave could begin,” he said.
Goyal predicts a 30–35% drop in gold prices, similar to the corrections seen after major rallies in 2007–08 and 2011, when gold crashed nearly 45%. Silver, he warns, could fall even harder—up to 50% from its peak. That means: Gold could drop to ₹77,701 per 10 grams. Silver could tumble to ₹77,450 per kilogram.
Goyal suggests investors wait for gold to fall to $2,600–$2,700 per ounce before re-entering the market. “At that level, gold will again become one of the best global investments,” he said. However, he advised caution with silver, citing weaker long-term prospects.
Goyal explained that silver’s industrial demand—used in photovoltaics, semiconductors, and electric vehicles—won’t be enough to offset the impact of a global slowdown.
He added, “Silver is currently overhyped and overbought, making it more vulnerable to steep declines.”
Experts caution that short-term traders may face volatility, while long-term investors should wait for corrections before making new entries. Diversifying portfolios beyond gold and silver is recommended to manage risk.
Disclaimer: The views expressed are those of market experts and do not reflect News18’s position. Investors are advised to consult certified financial advisors before making any investment decision
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Gold is sold at a discount in Dubai due to Middle East conflict disrupting flights. Traders offer up to $30 per ounce less than London prices.
Dubai Gold Selling Cheaper As Iran War Grounds Flights
Gold is being sold at a discount in Dubai as the widening conflict in the Middle East disrupts flights and hampers the movement of bullion from one of the world’s key trading hubs.
According to a Bloomberg report, traders in Dubai are offering discounts of up to $30 per ounce compared to the global benchmark price in London. The unusual price cut comes as shipments remain stranded due to flight disruptions triggered by the escalating conflict involving Iran and Israel.
Dubai is a key global centre for refining and exporting gold to markets across Asia, including India. However, partial airspace restrictions and heightened security risks have slowed the movement of bullion out of the region.
Why Gold Is Being Sold Cheaper
Gold is typically transported in the cargo holds of passenger aircraft. With several flights from the UAE restricted amid regional tensions, traders are struggling to move bullion to international markets.
At the same time, insurance and freight costs have surged, making shipments more expensive and uncertain. Many buyers have therefore stepped back from placing new orders, unwilling to bear high logistics costs without assurance of timely delivery.
To avoid paying prolonged storage and financing costs while shipments remain stuck, some traders are offering gold at discounted prices.
Although transporting bullion by road to airports in neighbouring countries such as Saudi Arabia or Oman is theoretically possible, logistics firms are reluctant due to the risks and complications of moving high-value cargo across land borders during a conflict.
What It Means For India
India, one of the largest buyers of gold shipped from Dubai, could face short-term supply disruptions if the situation continues.
Renisha Chainani, head of research at Augmont Enterprises Ltd., said several cargo shipments have already been delayed, creating temporary tightness in the availability of physical bullion in India.
However, industry experts as reported by Bloomberg say the immediate impact may remain limited as domestic inventories are currently comfortable after heavy imports earlier this year.
Chirag Sheth, principal consultant for South Asia at Metals Focus, said Bloomberg that India has ample stocks for now, but warned that prolonged disruptions could eventually affect supply if the conflict continues for several months.
Meanwhile, global gold prices have surged this year amid geopolitical uncertainty, with spot gold recently trading above $5,000 per ounce.
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March 08, 2026, 10:03 IST
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Find Out Now surveyed 1,134 adults who do not hold a full driving licence between January 21 and 23.
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