Gold, Silver Plunge: Bullion Down Amid Geopolitical Tensions, Inflation Fears

• Gold fell 2.43% to Rs 1.41 lakh, while silver slid nearly 6% to Rs 2.24 lakh per kg on MCX.
• International spot prices for gold dropped 2.76% to $4,427 per ounce, and silver declined 6.99% to $67.56 per ounce.
• The decline is attributed to macroeconomic pressures, rising inflation concerns driving interest rates higher, and a stronger US dollar.
• FPI selling contributed to the rupee's weakness, hitting a record low against the dollar.
• Analysts advise investors to monitor central bank policies, bond yields, USD direction, inflation trends, and energy prices.