Gold Prices Plunge: 24-Carat Gold Drops by Rs. 1,310; Silver Stable

• Gold prices saw a significant fall on February 16, with 24-carat gold dropping by Rs. 1,310 to Rs. 1,56,440.
• 22-carat gold decreased by Rs. 1,200 per 10 grams, while 18-carat gold fell by Rs. 980.
• Silver prices remained stable in the domestic market at Rs. 2,80,000 per kilogram.
• The fall is attributed to decreased buying demand in the spot market, a rising dollar index, and geopolitical developments.
• Experts advise long-term investors to buy gold during price dips due to strong future outlook amid uncertainties.