Gold and silver prices are expected to witness sharp volatility next week as traders track key economic data and assess heightened geopolitical uncertainty following the US capture of Venezuelan President Nicolas Maduro, analysts said. After hitting record highs in late December, gold prices retreated in the past week. "Gold prices declined in the past week ending 2nd January 2026 after hitting record highs in late December. The recent correction in gold prices was on account of profit booking at higher levels, low liquidity due to year-end and Christmas holidays," Mallya said. Silver prices also declined sharply by 8 per cent, or USD 6.18, over the past week.

Source: The Telegraph January 04, 2026 15:40 UTC