Gold bangles and necklaces are seen at a Varanasi store as global markets witnessed even steeper losses, with silver plunging more than 27 per cent and gold nearly 10 per cent in a single session

Silver prices crashed nearly 19 per cent to Rs 3.12 lakh per kg, marking one of the sharpest single-day falls in recent years after a global selloff

Silver was seen having become overbought after a rapid rally, and could fall further before finding a base around USD 60 per ounce after it nosedived Rs 72,500, or 18.85 per cent, to Rs 3,12,000 per kilogram according to analysts

A stark jump in prices over a short time in Gold and silver prices is shown after reaching record highs on Thursday, with gold falling over 12 per cent during the session to hit an intraday low of USD 4,683.10 per ounce now

A saleswoman displays gold necklaces in New Delhi while analysts note that elevated prices are beginning to weigh on physical demand, especially in price-sensitive markets like India

Customers examine gold earrings at a jewellery store in New Delhi as bullion markets faced heightened volatility despite gold posting strong gains of over 20 per cent in January

At jewellery stores like this one in West Bengal, the fall in bullion prices was reflected in shifting customer sentiment as buyers watched the market correct sharply

Gold bangles on display at a jewellery store in Ahmedabad reflect the sharp correction seen after gold and silver hit all-time highs driven by safe-haven demand earlier this week

Shopkeepers hold gold jewellery at a store in Hyderabad as experts maintain that the recent pullback is a healthy consolidation and not a reversal of the longer-term bullish trend for bullion

Jewellers across the country are hopeful that policy support in the Union Budget 2026-27, to be presented on February 1, will help revive demand after the sharp swings in precious metal prices