Gold, Silver Prices Crash: Silver at 5-Year Low, Gold Weakens Further

• Gold and silver prices fell for the second consecutive day, with significant drops observed on Monday and Tuesday.
• Silver prices hit a five-year record low, dropping 9% to $71 per ounce in the last session.
• Gold prices also weakened, falling 4.4% to $4,340, following a rapid increase in previous periods.
• Low market liquidity and Federal Reserve interest rate cuts are cited as reasons for the decline.
• Specific price drops for silver (₹18/gram) and gold (e.g., 24-carat down ₹305/gram in Kolkata) were noted.

Why It Matters: Gold and silver prices plummeted, with silver hitting a five-year low due to market liquidity and rate cuts.