Gold and silver prices are once again making headlines.
After a sharp rise on Friday, both metals saw a sudden jump.
But if you look at the bigger picture, prices are still far below their record highs.
In fact, silver is now over ₹1.75 lakh per kg cheaper than its peak, while gold is around ₹36,000–₹37,000 per 10 grams lower than its all-time high.
So what exactly is happening in the bullion market? Let’s break it down.
Silver: Big Fall After a Historic High
On the Multi Commodity Exchange (MCX), silver futures for March 5 expiry closed at ₹2,44,360 per kg last Friday.
That was ₹7,925 higher than the previous day’s closing price.
But this rise doesn’t tell the full story.
On January 29, silver made history by crossing ₹4 lakh per kg for the first time.
It even touched a record high of ₹4,20,048 per kg.
Soon after that, prices crashed sharply and slipped to around ₹2.25 lakh per kg.
Even after the recent recovery, silver is still cheaper by about ₹1,75,688 per kg compared to its lifetime high.
That’s a massive gap in just a few weeks.
Gold Also Falls From Record Peak
Gold followed a similar pattern.
MCX gold futures for April 2 expiry closed at ₹1,55,895 per 10 grams last Friday, showing a daily gain.
However, the price remains far below its peak.
On January 29, gold touched a record high of ₹1,93,096 per 10 grams.
After that, prices corrected sharply.
Even after Friday’s jump, gold is still about ₹37,201 per 10 grams cheaper than its all-time high.
What Happened in Just 16 Days?
Between January 29 and February 13 — just 16 trading sessions — both gold and silver saw heavy corrections.
The sudden fall after hitting lifetime highs surprised many investors.
Although there have been short-term recoveries, overall prices are still significantly lower than peak levels.
For investors and buyers, this creates an important question: Is this a temporary correction or a new trend?
For now, one thing is clear — despite the recent rally, both gold and silver remain much cheaper than their historic highs.
