New Delhi, Oct. 23 -- Those who bought gold and silver during the festive period in the past few days have been left with losses as prices fell after a mammoth rally. Experts, however, suggest continuing to add the safe-haven assets in a staggered manner, citing that the demand is driven by institutional investors and central banks.

Since hitting its 14 October high, domestic spot 999 silver has fallen 15% to Rs.152,501 per kg on 22 October, according to the Indian Bullion and Jewellers Association (IBJA).

Silver exchange-traded funds (EFTs) have suffered more because they were trading at a higher premium. The two biggest silver ETFS by assets, Nippon Silver Bees and ICICI Prudential Silver ETF, have fallen 17% and 16%, respectively, si...