Commodity markets show signs of volatility with gold and silver sliding in India

In India’s commodity markets, gold futures slipped below ₹1.23 lakh per 10 grams and silver continued its losing streak as global prices edged lower and demand softened. Analysts note the drop reflects a shift in investor preference away from safe-havens and into risk-assets, but caution that any sudden global-supply shock or inflation surprise could reverse the trend. India’s heavy reliance on imported raw materials means swings in metals and precious-metal prices feed directly into inflation and corporate margins.