Gold, Silver Prices Plunge: COMEX Gold Dips, MCX Silver Tumbles 8% Amid Global Cues

• Gold and silver prices experienced a significant drop on the Multi Commodity Exchange (MCX) due to a firming US dollar and easing geopolitical tensions.
• MCX gold opened weaker but saw a classic rebound, recovering losses to trade above the Rs 1.53 lakh mark, indicating strong dip-buying interest.
• MCX silver (March futures) suffered a much larger shock, opening 4% down and plummeting further to an intraday low of Rs 2,39,000 per kg, an 11.10% fall.
• The sharp decline in precious metal prices on MCX tracked a similar slide in global markets.
• This live blog provides real-time updates on gold and silver prices, city-wise rates, and global factors influencing bullion markets.