Gold, Silver Prices Plunge: Rs 6,500 Gold Drop, Rs 27,000 Silver Crash in 3 Days!

• Gold prices plummeted by Rs 6,500 in three days, while silver dropped by Rs 27,000 per kilogram.
• On December 31, 24-carat gold (10g) in Hyderabad fell by Rs 320 today, totaling Rs 6,540 in three days.
• 22-carat gold (10g) also saw a Rs 300 daily drop, accumulating a Rs 6,000 fall over three days.
• The decline is attributed to aggressive profit booking by investors after reaching record highs in global markets.
• Despite short-term dips, both gold and silver are projected to achieve historical annual returns by end of 2025.

Why It Matters: Gold and silver prices saw a sharp decline due to profit booking, but long-term outlook remains strong.