Gold and silver prices tumbled on MCX today, offering a brief correction after weeks of steady gains. With gold futures down 1.47% and silver following suit, investors are evaluating whether this is a buying opportunity.
According to commodity analysts, the decline is largely driven by shifting expectations of US monetary policy. However, with geopolitical uncertainties and festive-season demand set to rise, the downside may be limited.
Experts suggest that long-term investors can consider staggered buying, while short-term traders should be prepared for sharp intraday swings.
