Gold & Silver Prices Drop: Is This The Start Of A Market Decline?

• Gold prices fell by Rs. 270 and silver by Rs. 5,000 per kilogram today, following a new year surge.
• In Hyderabad, 24-carat gold decreased by Rs. 270, 22-carat by Rs. 250, and 18-carat by Rs. 210 per 10 grams.
• International gold trades above $4400/ounce, silver below $80/ounce, influenced by US economic data and Dollar strength.
• Factors like US ADP non-farm employment figures, JOLTS job openings, and China's continuous gold reserve increase (14th month) are impacting prices.
• Despite recent drops, global gold prices are up 67% this year, hitting a record $4,549.7 on Dec 26, with Indian prices up 77%.

Why It Matters: Gold and silver prices saw a significant drop today, prompting investor speculation on future trends.