New Delhi, Feb. 5 -- Gold and silver prices have witnessed extreme volatility in recent weeks, surging to record highs within a short span before crashing sharply. Last week, gold prices soared to an all-time high of $5,594.82 per ounce, while silver touched a record $121.64. However, the sharp rally proved short-lived.

Gold prices have now slipped to around $4,917 an ounce level, and silver price has corrected steeply to near $75 an ounce, wiping out a significant portion of recent gains. These sharp swings in gold and silver prices have prompted ace investor Vijay Kedia to caution that the rally was driven largely by speculators rather than long-term investors.

In a recent viral video circulating on X, Kedia was seen reacting to the v...