Gold Prices Plunge: Big Drop Offers Relief to Buyers, Investors

• Gold prices experience a significant drop after continuous instability in the international market.
• 1 gram of gold is now significantly cheaper, with 22-carat gold also seeing a similar decrease.
• Key factors for the fall include a stronger US dollar, increased US bond yields, profit-taking, and stock market recovery.
• Experts suggest this is an opportune time for jewelry purchases and long-term investment through SIPs in Gold ETFs or Sovereign Gold Bonds.
• On Monday, January 16, 22-carat gold is 14,545 rupees, 18-carat gold is 11,940 rupees, and 1 kg silver is 241,692 rupees (plus 3% GST).