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Jan 31, 2026, 11:42:01 AM IST
A weakening rupee is often cited as a reason to hold metals, but history shows that currency weakness alone cannot shield investors from sharp, speculative market crashes, according to WhiteOak Capital Mutual Fund’s report Gold is Talking, Silver is Screaming – A Case for Prudent Repositioning
IANS
The table shows how silver, gold and the Nifty 50 performed after hitting their peak prices, highlighting the extent of their declines and the time taken to recover.
ETMarkets.com
Silver peaked on April 25, 2011, at Rs 73,288 per kg. After the peak, silver saw a maximum drawdown of 55%, meaning it lost more than half its value. It took nine years for silver to recover from this fall.
ETMarkets.com
Gold peaked on September 14, 2012, at Rs 32,147 per 10 grams. It experienced a maximum drawdown of 25%, showing a significant but smaller fall compared to silver. Gold took 7 years to recover from its peak levels.
TIL Creatives
The Nifty 50 peaked on November 5, 2010, at around 7,917. It went through a maximum drawdown of 27% during the downturn. The recovery period forthe Nifty 50 was 2.5 years, which was much faster compared to gold and silver.
ETMarkets.com
Historical data shows that all asset classes go through deep drawdowns and long recovery periods, even when supported by macro factors like currency weakness.
Agencies
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