Gold Plummets to ₹1.49 Lakh: Volatility Drives Shift to Digital Assets

• Gold futures on MCX fell 2-2.5% to ₹1.49 lakh per 10 grams; silver dropped 5-6% to ₹2.28 lakh per kilogram.
• Global spot gold declined 2% to $4,664 per ounce, US gold futures slipped 2.5% amid a stronger US dollar and rising bond yields.
• Factors contributing to the fall include profit booking, elevated US interest rates, rising crude prices, and geopolitical developments.
• Experts note that even safe-haven assets like gold can experience sharp short-term swings, prompting investors to reassess strategies.
• Fintech platforms see increased traction as investors use digital tools for quick responses to price movements and smaller denomination purchases.