Gold and Silver Prices Rebound Amid Quarterly Losses

Gold and silver prices witnessed a temporary rebound on Tuesday following recent downward pressure. Despite this session-high movement, both precious metals remain positioned for significant monthly and quarterly declines. Analysts point to a robust US dollar and evolving expectations regarding Federal Reserve rate policy as primary factors driving the prevailing caution among global investors.

In India, market participants observe a performance gap between the two commodities in the current calendar year. While MCX gold prices have gained approximately 4% throughout 2026, MCX silver has underperformed, declining by more than 5%. During the first half of 2026, Comex gold faced a correction of over 7%, and silver experienced a sharper downturn of more than 16%, reflecting broader global market volatility.

Market experts are currently assessing whether precious metals will sustain their recovery momentum or resume their downward trajectory in the second half of 2026. Domestic demand in India remains a critical factor, as investors weigh the hedging potential of gold against the industrial usage dynamics of silver. Significant volatility in the US dollar index will likely serve as the primary signal for gold and silver price movements in the coming months.