Editor’s Note
After a volatile January that saw record highs, gold and silver prices have softened slightly in February, with the price gap between the two metals narrowing. This follows a month of record ETF purchases, underscoring the growing financialization of precious metals as investment demand continues to challenge traditional jewelry consumption. The market now turns its focus to the upcoming festive season.
After the high volatility and all-time highs in January, a slight softening in gold and silver prices has been observed in February. At the same time, a significant reduction in the price gap has also been noted. Record purchases were made in gold and silver ETFs in January. Financialization was seen increasing in precious metals. 2025 showed us that investments delivered a strong challenge to jewelry. Now we have entered a time where the festive season is about to begin. Akshaya Tritiya, Gudi Padwa, Women’s Day – these are all occasions where we typically see purchases in gold and silver.