Gold, Silver Plunge on MCX: Lunar New Year, Strong Dollar Pressure Prices

• Gold and silver prices continued to fall on MCX due to reduced trading in major Asian markets for Lunar New Year holidays.
• A strong US dollar further increased pressure on prices, making dollar-denominated bullion more expensive.
• On MCX, silver fell by 3.12% to Rs 232,400 lakh per kg, while gold dropped by 1.78% to Rs 152,000 per 10 grams.
• International spot silver fell 2.7% to $74.51/ounce, and spot gold dropped 0.9% to $4,947.98/ounce.
• Expert Manoj Kumar Jain suggests buying GOLD MINI (MAR) and selling ZINC (FEB) for potential profits today.