Gold Prices Plummet: Public Rushes to Sell Amidst Market Volatility

• Gold and silver prices have seen significant fluctuations globally, with gold reaching record highs before a sudden drop.
• The price of one gram of gold surged to Rs. 18,000 and then fell to Rs. 14,000 within days, causing confusion among investors.
• Public interest in selling gold has surged, with long queues at gold buying centers as people aim to profit from peak prices.
• In China, citizens are actively selling old gold jewelry for cash, utilizing automated recycling machines in Shanghai malls.
• Experts predict that large-scale gold sales, similar to trends in China, could lead to further price volatility in markets like India.

Why It Matters: Gold prices are highly volatile, prompting a global rush to sell, potentially leading to further market instability.