Silver Prices Plummet in Vijayawada: Investors Stunned by Rapid Decline

• Silver prices in Vijayawada saw a significant and unexpected drop, astonishing investors and common people.
• On Saturday, silver prices plummeted, and on Sunday, MCX silver futures fell by almost 9%, hitting a lower circuit.
• A kilo of silver in Vijayawada decreased by ₹85,000 on January 31, now trading between ₹3,20,000 and ₹3,50,000.
• The price of silver dropped from an all-time high of ₹4.25 lakh on January 29 to its month-start levels within two days.
• Reasons for the fall include a strengthening dollar index due to Kevin Warsh's nomination for US Fed Chairman and profit-booking by investors after a 70% rise.

Why It Matters: Vijayawada silver prices crashed unexpectedly, with a kilo dropping by ₹85,000, stunning investors.