Gold, Silver Prices Plunge: Gold Down 5%, Silver 8%; Investors Restless

• Gold prices plummeted by 5% and silver by over 8% in global markets after reaching record highs, surprising investors.
• Experts attribute the sharp decline to profit-booking after a rapid rally, as prices became 'too fast, too high'.
• Factors like a weakening US dollar, central bank buying, and geopolitical tensions had previously driven gold to record levels.
• Silver's steeper fall is linked to decreased industrial demand and its inherent volatility compared to gold.
• The decline offers a potential buying opportunity in India during the wedding season but warns investors about the risks even in 'safe' assets.

Why It Matters: Gold and silver prices saw a significant drop due to profit-booking and market volatility, unsettling investors.