Gold, Silver Prices Plummet: Mirzapur Bullion Market Faces Slowdown, Traders Blame Global Policies

• Gold and silver prices have seen a significant two-day decline, with gold falling by ₹25,000 and silver by ₹95,000.
• Mirzapur's bullion market is experiencing a severe slowdown, with customer numbers dwindling and traders struggling to pay salaries.
• Traders attribute price volatility to global policies, America's hegemony, and China's silver export ban, leading to unsustainable surges.
• The inflated market 'balloon' is bursting, impacting small traders and artisans, with many shops facing closure.
• Despite the wedding season, customers are refurbishing old jewelry instead of buying new, indicating a deep recession in the business.

Why It Matters: Mirzapur's bullion market is in recession due to plummeting gold and silver prices, driven by global policies.