New Delhi: Ever since Indian petroleum companies hiked the prices of commercial LPG cylinders, a sense of uncertainty has prevailed among customers. There is widespread apprehension that the prices of petrol and diesel in India might also rise suddenly. With the Middle East currently engulfed in conflict, global crude oil prices have skyrocketed.
Key Highlights
📊 Gold & Silver — Price Movement Summary
🥇 Gold Price Changes
| Period | Price Drop | Details |
|---|---|---|
| Last 1 week | ▼ ₹2,500–₹3,000 per 10 g | Recent decline |
| Last 90 days (since Jan 29) | ▼ ₹41,000 per 10 g | Massive correction |
🥈 Silver Price Changes
| Period | Price Drop | Details |
|---|---|---|
| Last 1 week | ▼ ~₹7,000 per kg | Sharp weekly fall |
| Last 90 days (since Jan 29) | ▼ ₹1,70,000 per kg | Extraordinary crash |
According to a report, prices have now reached their highest level since 2022, crossing the $122 per barrel mark. Conversely, the rates for gold and silver have been witnessing a continuous decline. Looking at the past week alone, gold has become cheaper by Rs 2,500 to Rs 3,000, while silver has dropped in price by approximately Rs 7,000.
How Much Have Gold and Silver Prices Dropped in 90 Days?
It may come as a surprise to learn that since January 29—spanning the last 90 days—gold prices have fallen by Rs 41,000 per 10 grams. As for silver, its price has dropped by as much as Rs 1.70 lakh per kilogram over the same 90-day period. Consequently, the question arises: what impact will the rising cost of crude oil have on India’s national exchequer? Will this also hit the pockets of common citizens? Key details regarding this issue are explained below.
What Could Be the Reason Behind Such a Sudden and Significant Drop in Gold and Silver Prices?
According to experts in the bullion market, the primary reason for this phenomenon is the surge in crude oil prices. Rising crude oil prices fuel inflation, compelling central banks worldwide to either raise interest rates or maintain them at elevated levels. When banks offer superior returns, investors tend to shift away from gold and silver, opting instead to safeguard their capital within the banking system.
Conflicting Claims in Reports from the World Bank and WGC
According to experts, these reports represent macro-level projections. While gold and silver delivered exceptional returns in 2025, the landscape has shifted entirely in 2026. These reports suggest that while gold may not replicate the explosive returns witnessed in 2025, it is expected to remain stable over the long term.
Could Gold and Silver Become Even Cheaper in the Days Ahead?
According to experts, as long as the pressure from crude oil prices persists, significant upside potential for gold appears unlikely. However, it is not expected to undergo a drastic decline either. There remain strong indications that gold is poised to regain momentum by the time Diwali arrives.
Why Has Demand for Digital Gold and ETFs Surged?
Investors have now fully grasped the financial drawbacks associated with the “making charges” and GST levied on physical jewellery. While jewellery is essentially a “dead asset,” digital gold, ETFs, and Sovereign Gold Bonds offer the distinct advantages of transparency and the realisation of full returns. Consequently, investors are increasingly opting for digital media.
