Gold Price Freefall: Rs 10,000 Down Today, Second Crash in Hours

• Gold prices plummeted by Rs. 10,000 today, marking the second fall in a single day, defying the usual trend of rising during wartime.
• 24-carat gold decreased by Rs. 10,320 per 10 grams, now at Rs. 1,35,650; 22-carat gold fell by Rs. 7,560 to Rs. 1,24,350.
• Compared to January 29, 24-carat gold is down Rs. 43,200, and 22-carat gold is down Rs. 30,150.
• Silver prices also crashed, with a Rs. 20,000 decrease per kilogram today, now at Rs. 2,30,000; down Rs. 1,95,000 since January 29.
• Experts attribute the fall to the Middle East war strengthening the US dollar, and institutional investors selling gold for cash liquidity.