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Gold and Silver Prices Plummet: Why Silver Hit a Lower Circuit Amidst Mega Crash
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Gold, Silver Prices Crash: Silver Hits Lower Circuit, Gold Down 8th Day
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CNBC Awaaz
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23-03-2026, 09:50
Gold, Silver Prices Crash: Silver Hits Lower Circuit, Gold Down 8th Day
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Gold and silver prices witnessed a sharp decline on Monday, with silver hitting a lower circuit on MCX.
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Gold prices fell for the eighth consecutive day, wiping out nearly all gains for the year.
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The crash is attributed to escalating tensions between the US and Iran amidst the West Asia war.
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International gold prices fell over 2% to a four-month low, while spot silver dropped 3.2%.
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Rising oil prices, increased inflation risk, and expectations of interest rate hikes are negatively impacting gold.
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