New Delhi, July 6 -- Gold and silver have witnessed a correction from their all-time highs in recent months, but historical data suggests the current decline is still smaller than many previous bear phases in precious metals, according to the July 2026 edition of DSP Netra.

The report compares every major drawdown in gold and silver prices since the 1970s, analysing the rally before each peak, the subsequent drawdown, the time taken to reach a durable bottom and the period required to recover previous record highs.

According to the report, gold touched an all-time high of $5,602 per ounce in January 2026. Since then, it has reached a low of $3,942 per ounce, marking an overall drawdown of nearly 30%.

Historically, this is milder than s...