Gold-Silver Turmoil: Prices Plunge, Volatility Expected Amid Geopolitical Tensions

• Gold and silver prices experienced a significant drop, with gold seeing its largest weekly fall since 1983.
• Short-term volatility is anticipated due to investor risk reduction, inflation fears, and geopolitical conflicts.
• Long-term outlook for gold remains positive as a safe haven asset, supported by increasing budget deficits and central bank demand.
• In India, 24-carat gold is around 1,40,000 rupees per 10 grams, with prices influenced by international rates, dollar strength, and rupee value.
• Experts advise caution for short-term gold buyers but recommend it as a good long-term investment, possibly through SIP.