Gold, Silver Prices Plunge: Silver Down 50% From Peak, Gold Drops Over 8,000

• Silver prices have plummeted by 20,000 rupees, while gold has fallen by over 8,000 rupees.
• Silver has seen a massive 50% decline from its record high, dropping to 2.06 lakh per kg.
• Gold futures on MCX fell by 8,089 rupees to 1.36 lakh per 10 grams on Monday.
• The decline is attributed to the Iran war, global market selling, inflation fears, and a strong US dollar.
• Experts predict continued fall for both precious metals due to economic pressures and interest rate hike speculation.