Gold, Silver Prices Plunge: Vijayawada Sees Massive Drop Amid Easing Tensions

• Gold prices significantly decreased, with 22-carat gold per tola falling by over Rs. 10,000 in five days.
• In Vijayawada, 24-carat gold dropped by Rs. 1,750, and 22-carat (10 grams) by Rs. 1,600 on Friday.
• Silver also saw a sharp decline, with prices falling by Rs. 5,000 per kg on Friday, now at Rs. 2,90,000.
• Reasons for the fall include a strengthening dollar, investors shifting to crude oil, and easing Middle East tensions.
• Despite the current decline, experts suggest gold could rise again if geopolitical conflicts escalate further.