Gold Plummets, Silver Crashes: Metal Market in Turmoil, Investors Jittery

• Gold and silver prices experienced a significant fall on MCX as trading began on Monday.
• March expiry silver plummeted by approximately 8,800 rupees per kilogram, falling from 2,44,000 to 2,35,500 rupees.
• Silver has dropped by almost 1.84 lakh rupees from its January 29 peak of 4.20 lakh rupees per kilogram.
• April expiry gold fell by almost 1,700 rupees per 10 grams, now down by approximately 39,000 rupees from its January 29 high.
• Key reasons for the fall include profit-booking, a stronger US dollar, and uncertainty over US inflation data and Federal Reserve policy.