Gold, Silver Crash: China, Geopolitics Trigger Massive Price Drop on Dec 29

• Gold, silver, and copper prices crashed dramatically on December 29 after reaching record highs.
• Gold futures fell nearly 2%, silver futures plummeted 8-10%, and copper dropped 13%.
• Key reasons include profit booking, easing global geopolitical tensions, China's export restrictions, and increased CME margins.
• Investors faced significant losses due to the sudden and unexpected market volatility.
• In Hyderabad, 24-carat gold dropped Rs. 2020, and silver fell Rs. 4000.

Why It Matters: Precious metals saw a dramatic price crash on Dec 29 due to profit booking, China's actions, and easing global tensions.