Gold, Silver Prices Plunge: Investors Face Crores in Losses, Buyers Rejoice

• Gold and silver prices saw a significant drop on February 10, causing substantial losses for investors.
• On MCX, gold fell by 0.48% to ₹1,57,300 per 10 grams, while silver plummeted by 1.80% to ₹2,57,891 per kilogram.
• The fall is attributed to a 0.2% increase in the US dollar's value, making gold more expensive for foreign buyers.
• Investors are adopting a wait-and-watch approach ahead of US employment and inflation data, with speculation of a June interest rate cut by the US Federal Reserve.
• While the price drop offers an opportunity for wedding season buyers, experts advise caution due to market instability.