Despite showing a spike in its rate in the last two days, the gold spot price on the Multi Commodity Exchange of India (MCX) today (Friday, June 3, 3036) is still down by 5.65% compared to June 3, 2026, falling from Rs 1,54,529/10g to Rs 1,45,789/10g. The MCX silver spot rate in the same time frame has fallen by 10.78%, from Rs 2,61,939/kg on June 3 to Rs 2,33,701 on July 3. Looking at the one-month MCX data (23 sessions in total), gold prices fell by 13 times, rose by 9 times and were unchanged on one occasion. Silver prices, meanwhile, fell by 14 times, rose by 8 times, while remained unchanged once. As gold and silver prices are significantly lower in a month, should new investors see it as an opportunity to buy on a dip? Should existing investors hold on to their gold and silver investments and accumulate more at low prices?Gold spot price on MCX since June 3 (Showing daily price fluctuations and total change) Date Spot Price (₹/10g) Change (₹) 03-Jun-26 1,54,529 — 04-Jun-26 1,55,392 863 05-Jun-26 1,53,959 -1,433 08-Jun-26 1,50,235 -3,724 09-Jun-26 1,51,747 1,512 10-Jun-26 1,46,695 -5,052 11-Jun-26 1,44,730 -1,965 12-Jun-26 1,47,367 2,637 15-Jun-26 1,50,133 2,766 16-Jun-26 1,50,192 59 17-Jun-26 1,49,738 -454 18-Jun-26 1,47,677 -2,061 19-Jun-26 1,44,606 -3,071 22-Jun-26 1,46,740 2,134 23-Jun-26 1,44,323 -2,417 24-Jun-26 1,42,512 -1,811 25-Jun-26 1,39,843 -2,669 26-Jun-26 1,39,843 0 29-Jun-26 1,41,068 1,225 30-Jun-26 1,40,864 -204 01-Jul-26 1,40,269 -595 02-Jul-26 1,42,464 2,195 03-Jul-26 1,45,789 3,325 Total Change (03 Jun → 03 Jul) -8,740 Silver spot price on MCX since June 3 (Showing daily price fluctuations and total change) Date Spot Price (₹/kg) Change (₹) 03-Jun-26 2,61,939 — 04-Jun-26 2,60,255 -1,684 05-Jun-26 2,57,129 -3,126 08-Jun-26 2,41,617 -15,512 09-Jun-26 2,45,657 4,040 10-Jun-26 2,33,648 -12,009 11-Jun-26 2,33,231 -417 12-Jun-26 2,41,306 8,075 15-Jun-26 2,51,327 10,021 16-Jun-26 2,49,333 -1,994 17-Jun-26 2,47,576 -1,757 18-Jun-26 2,41,330 -6,246 19-Jun-26 2,31,829 -9,501 22-Jun-26 2,37,793 5,964 23-Jun-26 2,27,482 -10,311 24-Jun-26 2,23,754 -3,728 25-Jun-26 2,18,680 -5,074 26-Jun-26 2,18,680 0 29-Jun-26 2,19,348 668 30-Jun-26 2,25,125 5,777 01-Jul-26 2,23,537 -1,588 02-Jul-26 2,28,597 5,060 03-Jul-26 2,33,701 5,104 Total Change (03 Jun → 03 Jul) -28,238 Why have gold and silver rates fallen? Can they recover soon? Prithviraj Kothari, managing director at RiddiSiddhi Bullions Ltd., president of India Bullion and Jewellers Association Ltd. (IBJA), told ET Wealth Online that a stronger dollar, expectations of a Fed rate hike later this year, resilient US jobs and inflation data, and profit-booking after 2025's huge rally are the main reasons behind price falls. Kothari says silver is falling faster than gold due to softer industrial demand. Kothari predicts a price recovery in precious metals is possible but it needs a fresh macro trigger such as rate cuts, renewed geopolitical stress, or fading dollar strength. Should investors grab an opportunity to invest in gold and silver at lower rates compared to a month? Vedika Narvekar, research analyst, Anand Rathi Share and Stock Brokers, expects gold to initially test Rs 1,40,000 per 10 grams, with Rs 1,34,500 acting as a strong support level in a worst-case scenario. Narvekar suggests long-term investors to consider accumulating gold in 3–4 tranches, investing gradually from current levels and adding on every 2% correction. For traders, Narvekar suggests a buy-on-dips and sell-near-resistance strategy to make the most of the current gold prices. For silver, Narvekar predicts a support zone near Rs 2,20,000 and resistance near Rs 2,60,000. What can existing gold investors do? Kothari suggests existing holders can treat gold investment as a consolidation phase rather than a reversal of the broader trend, especially if they bought it as a long-term hedge. “Rebalancing between gold and silver, or trimming silver (the more volatile leg) if allocations have grown too large, is worth considering. Keep an eye on Fed commentary and dollar strength, since these are the key near-term swing factors,” suggest Kothari. Narvekar says although prices have corrected significantly from their recent highs, volatility in gold and silver prices is likely to remain elevated in the near term. Narvekar recommends investors avoiding aggressive lump sum investments at higher levels and instead accumulate gradually through staggered purchases or SIP-style investments. Which are the best forms of gold and silver investments? Kothari says paper or digital forms can work best for pure investment goals, while physical gold makes more sense for those who also want to use, gift, or gain sentimental value from the metal. Narvekar suggests gold exchange-traded funds (ETFs) are ideal for investors seeking liquidity, transparency, and ease of trading. “Gold mutual funds are suitable for investors who prefer SIPs and do not have a demat account. Digital gold can be considered for small, convenience-based purchase,” says Narvekar.