After reaching a record high in January 2026, gold has become cheaper by more than Rs 50,000 per 10 grams. On the MCX, gold is priced at Rs 1,44,800 and silver at Rs 2,28,925 per kg. The decline is due to US attacks, rising oil prices, strengthening of the dollar and fears of interest rate hikes. Experts say that further declines are possible right now, so don’t make a hasty purchase.