Gold, Silver Prices Plummet: Second Consecutive Day of Sharp Decline

• Gold and silver prices have fallen for the second consecutive day, reversing a previous trend.
• On February 6, 24-carat gold dropped by Rs. 2,070, 22-carat by Rs. 1,900, and 18-carat by Rs. 1,560.
• Silver prices saw a massive drop of Rs. 20,000 per kilogram, now at Rs. 2,80,000.
• Prices also fell sharply on the Multi Commodity Exchange (MCX) and in the international market, with gold trading around $4824 per ounce.
• Global market changes, import duties, taxes, and exchange rates influence Indian gold prices, making cautious investment crucial.