Dateline: October 23, 2025, Nigeria
The gold price don enter wahala again as e don dey fall sharply for recent trading days. After days of shining like new money, the price don break through minor bullish trend line wey people dey hold onto. Now, e don pass the EMA50 support, meaning na serious negative wahala dey for inside gold market (who remember when gold na the real mvp?).
According to the latest analysis from financial experts, the gold price don drop from about ₹1,31,000 to ₹1,27,000. E dey show say people dey run from the gold market like say dem dey chase fly away from food. If selling pressure continue like this, we fit see gold price drop reach as low as ₹1,24,000 — and if e pass this level, na deeper trouble be that!
Even silver, wey dey follow gold like loyal padi, no dey do any better. E don fall below $50 and ₹1,70,000, with more bad news say e fit still drop reach ₹1,42,000. Talk true, the way things dey happen, e be like say dem go use silver to trade rice soon (no be joke o!).
Experts like Abhilash Koikkara, Head of Forex and Commodities at Nuvama, talk say we dey enter bearish phase for both gold and silver. As things dey be, we dey see sign say gold dey face serious negative trend and e dey likely say e go see more decline as long as the market no change dem mind plenty.
The main gist wey dey follow this gold saga be say global economy and Federal Reserve figures dey control wetin dey happen. As na the dollar dey pick up strength, na so gold dey lose ground. If you dey think say na the time to invest for gold, you fit need think am again before e become like bad investment wey go carry wahala come your way.
For silver, e dey follow gold footsteps, reflecting same negative trend. Dem don report wey silver dey face too much selling pressure as investors dey waka away to find better ground for their money. And for naija market, e mean say if you dey plan to buy silver, you better check your pocket before you run enter market (e no go sweet). Obvious signs show say any attempt to recover wey silver fit make go face resistance around ₹1,56,000, wey don dey wait like hungry lion for lunch.
All these dey happen, experts dey remind us say patience dey vital in investment game. While short-term vibes dey bearish, long-term fundamentals for gold and silver still dey shine. Na so e suppose be. Investor wey no wan follow crowd go benefit when this market dey turn back to bullish next time.
So, as we dey watch how gold dey fall plus silver dey shine small, make we no forget say market fit turn any time. But for now, e go good make you hold your horses and no rush go buy gold and silver until the dust settle. Na from here we go continue dey monitor as the market dey shift.
Do you have a news tip for NNN? Please email us at editor@nnn.ng
