Gold Price Crash: Rs 8,000 Plunge in 3 Days; MCX Up, Physical Down

• Gold prices in the Indian physical market fell for the third consecutive day, with 24-carat gold down Rs 3,110 and 22-carat down Rs 2,280 per 10 grams on March 4.
• Silver also saw a sharp decline, with one kilogram falling by Rs 20,000 to Rs 2,95,000.
• Despite the domestic market fall, gold and silver futures on the Multi Commodity Exchange (MCX) are rising, creating an unclear trend for investors.
• Geopolitical tensions, including the Iran crisis and Middle East energy supply disruptions, are impacting global markets, increasing oil prices, and raising inflation concerns.
• Experts note gold's resilience despite market instability, advising investors to stay informed due to fluctuating global and domestic factors.