Gold and silver prices are expected to witness further correction in the coming days due to volatility caused by US economic data, including inflation and GDP numbers.
Traders will also closely watch US labour data, the Federal Open Market Committee (FOMC) meeting minutes, and speeches from Federal Reserve officials.
According to JM Financial Services Ltd Vice President Pranav Mer, precious metals are expected to see further correction in the coming days, which might bring down prices.
Gold and silver prices have shown continuous volatility over the past month. Gold has settled at around Rs 160,000 for ten grams of 24-carat purity, while silver has gained strength, with 1 kg of pure silver reaching Rs 300,000 following a massive sell-off on Friday.
However, Monday’s market opening will also influence the direction of gold and silver prices, as the Indian equity market witnessed a sharp sell-off in the last 30 minutes before closing on Friday.
Similar trend predictions were made by CoinCodex, which tracks prices, charts, and data for over 44,000 coins across 400+ exchanges. Both gold and silver prices are expected to decline in the coming week.
It notes that silver prices will fall by -0.51 per cent in the next seven days and reach $93.16 on March 6, 2026. However, it also forecasts that by the end of this year, silver could hit an all-time high of $428.84 — a 357.97 per cent increase from current levels—depending on how global uncertainties are managed.
Over the next five years, silver prices are expected to experience significant volatility and reach $668.63 by 2031, recording a 614.06 per cent growth.
Follow us
