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Commodities

Silver Prices Plummet 42% in India Amid Market Speculation

Guavy AI Editorial Team
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Silver
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Silver prices in India saw a historic high of ₹3.86 lakh per kg on January 29, 2026, but the metal has since corrected by 42% to ₹2.22 lakh per kg as of October 1.

Amit Modak, Director of P.N. Gadgil & Sons, attributed this correction to market speculation and misinformation that accounted for about 50% of the price rise in January 2026.

The US Federal Reserve's interest rate hike and a stronger dollar also contributed to silver's decline.

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