Gold and silver prices witnessed a sharp pullback on Thursday after easing geopolitical tensions reduced demand for safe-haven assets. Precious metals retreated from record highs as investors reassessed risk following positive developments on the global political front.
The decline came after U.S. President Donald Trump stated that a “framework of a future agreement” regarding Greenland had been reached and confirmed that the United States would not impose fresh tariffs on European nations. This development eased fears of escalation in trade and geopolitical tensions, strengthening the U.S. dollar and pressuring bullion prices.
Gold and Silver Retreat From Record Highs
In international markets, gold prices fell nearly 1% after three consecutive sessions of gains that had pushed the metal to an all-time high above $4,880 per ounce. Spot gold slipped 0.8% to around $4,799 per ounce, while U.S. gold futures for February delivery declined 0.6% to approximately $4,806 per ounce.
Silver prices also softened, with spot silver dropping 0.9% to $92.38 per ounce, after hitting a record peak of $95.87 earlier in the week. Analysts attributed the correction to profit booking and a reduction in safe-haven buying amid improving global sentiment.
MCX Gold and Silver Prices Today
In India, gold prices on the Multi Commodity Exchange (MCX) opened lower at ₹1,51,557 per 10 grams, compared with the previous close of ₹1,52,862. Gold later traded down by ₹638, or 0.42%, at ₹1,52,224 per 10 grams. In the previous session, MCX gold had touched a lifetime high of ₹1,58,475.
MCX silver opened marginally higher at ₹3,19,843 per kg against the earlier close of ₹3,18,492. The metal traded at ₹3,19,672 per kg, up ₹1,180 or 0.37%, after hitting an intraday high of ₹3,25,602. Earlier this week, MCX silver had surged to a record high of ₹3,35,521 per kg.
Robert Kiyosaki’s Bold Silver Forecast
Despite the short-term correction, renowned investor and author Robert Kiyosaki remains strongly bullish on silver. He recently reiterated that silver is better positioned than gold in the current economic landscape and forecast that silver prices could soar to $200 per ounce by 2026.
Kiyosaki cited persistent inflation risks, currency devaluation, rising industrial demand, and constrained supply as key drivers that could propel silver significantly higher over the next few years.
Investor Takeaway
Market experts suggest that while gold and silver remain structurally strong in the long term, the recent correction reflects healthy consolidation after an aggressive rally. Investors are advised to avoid aggressive short-term trades and instead focus on disciplined accumulation and portfolio diversification amid ongoing volatility.
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