Gold, Silver Prices Crash: Gold Down 16%, Silver Plunges 38%, Buyers Still Missing

• Gold prices fell by 16% to 1.51 lakh rupees per 10 grams in two weeks, while silver dropped 38% to 2.34 lakh rupees per kg.
• Despite the sharp fall, buyers are still waiting, anticipating further price reductions.
• Global gold prices hit a weekly low, with spot gold falling 1.5% to $4,918.65 per ounce due to a strong dollar and geopolitical signals.
• The decline is attributed to decreased demand for safe-haven investments, a strengthening US dollar, and easing geopolitical tensions.
• Investors are cautious, awaiting clarity from US-Iran talks and the FOMC minutes for clues on the Federal Reserve's interest rate policy.