Gold-Silver Prices Drop from Highs, Yet Traders Remain Anxious: Why?

• Gold and silver prices saw record increases in January, followed by a significant decline from all-time highs.
• Despite the fall, bullion traders in Varanasi face turmoil due to continuous price fluctuations, impacting business pace.
• Customers are hesitant to buy, and jewelers avoid advance orders due to rapid daily price changes and risk of losses.
• Gold reached 1,85,000 rupees/10 grams and silver 4,20,000 rupees/kg, then dropped significantly, but market stability is elusive.
• Daily fluctuations of up to 10,000 rupees trouble both buyers and investors; local market prices are higher than MCX.