Gold Prices Crash: Rs 38,000 Down from Peak, Silver Also Plunges

• Gold prices have fallen sharply, with 24-carat gold down Rs 38,500 from its January 29 peak.
• In Hyderabad, 24-carat gold (10 grams) decreased by Rs 2,940 to Rs 1,40,350 on March 24.
• Silver prices also plummeted, with 1 kg down Rs 1,85,000 from its January 29 high to Rs 2,40,000.
• Factors like international developments, the Iran crisis, a strengthening dollar, and profit booking are contributing to the decline.
• The Middle East war situation and conflicting statements are causing market volatility and investor concern.