Gold Prices Plummet: Rs 9,000 Drop in 24-Carat Gold, Silver Crashes by Rs 20,000

• 24-carat gold in Hyderabad plummeted by Rs 9,050 to Rs 1,51,530; 22-carat gold fell by Rs 8,300.
• In four days, pure gold prices dropped by Rs 27,320, and 22-carat gold by Rs 25,050.
• Silver prices crashed by Rs 20,000 per kilogram today, with a four-day fall of Rs 1,25,000.
• International gold prices are heading towards $4500 from $5500, currently trading around $4675.
• US President Donald Trump's selection of Kevin Warsh for Federal Reserve Chair strengthened the dollar, impacting metal prices.

Why It Matters: Gold and silver prices are rapidly falling due to international market trends and a stronger dollar.