Gold, Silver Prices Crash: Market Turmoil Continues Amid Strong Dollar, Holiday Trading

• Gold and silver prices registered a significant decline on Tuesday, February 17.
• Spot gold fell 0.9% to $4,947.98 per ounce globally, while US Gold Futures dropped 1.6%.
• Spot silver also saw a sharp fall of 2.7% to $74.51 per ounce.
• On MCX, gold slipped 0.67% to 1,53,727 rupees per 10 grams, and silver fell 1.35% to 2,36,664 rupees per kilogram.
• A strong US Dollar, holiday closures in several Asian markets, and investor adjustments to US interest rate cut expectations contributed to the price crash.