Gold and silver prices fell on Jan 9, 2026. Experts explain the dip, long-term trends, and whether it’s the right time to invest in precious metals.
Gold and silver prices witnessed a notable decline on Friday, January 9, 2026. The domestic bullion market faced pressure due to a stronger US dollar and a slight dip in demand for safe-haven assets. According to market data, gold in India traded around ₹1.37 lakh per 10 grams, while silver was priced near ₹2.42 lakh per kilogram.
Experts, however, insist that this temporary weakness is not a signal of a major trend reversal but rather a short-term consolidation after a recent rally.
Why Did Prices Drop Today?
Commodity analysts point out that currency movements and global market signals were the primary reasons behind today’s dip in gold prices. A strong US dollar exerted pressure on emerging market commodities, including gold. Additionally, the absence of major international triggers kept investors cautious.
Jatin Trivedi, VP – Research (Commodities & Currency) at LKP Securities, stated that gold on MCX saw a decline while international prices remained relatively stable. Fluctuations in the Indian rupee added pressure on domestic bullion. Trivedi added that the coming week could remain volatile, as key US data such as ADP employment numbers and non-farm payrolls may influence interest rates and the dollar’s direction.
He predicts that gold may trade between ₹1.35 lakh and ₹1.38 lakh per 10 grams in the near term.
also read:- Gold Price Today: Gold Surges, Silver Also Rises – Latest Rates for 8 January 2026 –
Why Silver Remains Strong
While gold showed minor weakness, silver continues to maintain a strong foundation. According to Tata Mutual Fund’s January 2026 outlook report, silver was the best-performing commodity of 2025, delivering approximately 161% returns over the past year.
The report cited supply constraints, strong industrial demand, and renewed investor interest as the key reasons behind silver’s surge. Additionally, reduced mining supply, China’s strict export policies, historically low inventories, and rising ETF investments have all supported silver’s long-term prospects.
Medium to Long-Term Outlook
Market experts believe that despite short-term corrections, the long-term trend for precious metals remains positive. Prithviraj Kothari, Managing Director of Riddhisiddhi Bullions and President of the India Bullion and Jewellers Association, said that both gold and silver are structurally strong.
Gold continues to provide stability in investment portfolios, while silver offers higher return potential due to its volatility. Short-term consolidations following a rally are natural and do not indicate a change in the overall trend.
Kothari predicts that over the next year, gold could reach $5,000–5,500 per ounce internationally, translating to ₹1.50–1.65 lakh per 10 grams in India. Central bank purchases and interest rate cuts may provide further support. Meanwhile, silver prices may rise to $95–100 per ounce, with Indian rates reaching ₹3.00–3.25 lakh per 10 grams. He also cautioned that short-term corrections of 10–15% in silver are possible and should be viewed as healthy market adjustments.
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