New Delhi, Feb. 18 -- Gold prices have corrected more than 20% from their peak on the MCX, raising a pertinent question: Is it the right time to buy, or should one stay on the sidelines?

MCX gold April contracts fell to Rs.1,52,719 per 10 grams in intraday trade on Wednesday, February 18. This marks a drop of over Rs.40,000, or nearly 21%, from its record high of Rs.1,93,096 per 10 grams.

MCX silver March contracts, on the other hand, have crashed by nearly Rs.1,88,000, or 45%, from their peak of Rs.4,20,048 per kg.

Most experts believe gold and silver prices may remain volatile in the near term amid geopolitical developments, the dollar's movement, and expectations surrounding the US Fed interest rate trajectory.

Hareesh V, the head ...