•Gold and silver prices experienced a severe 'crash' on March 23, 2026, with Gold Futures falling over ₹12,000 and silver over ₹20,000 on MCX.
•In Ratlam, gold reached ₹1,28,800 per 10 grams, a significant drop from its January 27, 2026, high of over ₹1,93,000.
•The decline is attributed to global and domestic factors including the US Fed's hawkish policy, weak demand, a strong dollar, and profit booking.
•Analysts note that April Gold Futures on MCX are now more than ₹63,000 cheaper than their previous high, and silver May contract fell 9% to ₹2,06,000 per kg.
•While some traders see this as a buying opportunity, investors are advised caution as prices might fall further, despite potential wedding season demand.
