Silver Crashes by 60,000 Rupees, Bullion Market in Panic

• Silver prices plummeted by approximately 60,000 rupees per kilogram on Friday, shocking investors and buyers.
• The sudden drop caused panic in Indore's bullion market, with prices falling from 410,000 to 300,000 rupees per kilogram at market open.
• Customers selling old silver, like Govind Prasad Rathore, struggled to get expected prices, eventually selling at 2,880,000 rupees.
• Investors who bought recently faced losses, while new buyers found some relief in the falling prices.
• The decline occurred amidst the wedding season, significantly altering the market atmosphere.

Why It Matters: Silver prices crashed unexpectedly, causing panic among sellers and recent investors, while offering relief to new buyers.