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The Economic Times
The Economic Times
Shaghil Bilali

Gold down 5.6%, silver 10.8% in a month: Should you buy the dip or wait? Experts answer

Even though there was a spike in the gold spot price over the last couple of days, on Friday, June 3, 3036, the price on the Multi Commodity Exchange of India (MCX) dropped by 5.65% compared to June 3, 2026, going from Rs 1,54,529/10g down to Rs 1,45,789/10g. During the same period, the MCX silver spot rate fell by 10.78%, from Rs 2,61,939/kg on June 3 down to Rs 2,33,701 on July 3.

The MCX data for the past month (23 sessions in total), shows that gold prices fell 13 times, rose 9 times and were unchanged on one occasion. Silver prices, meanwhile, dropped 14 times, rose 8 times, and remained unchanged once.

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