Gold and Silver Prices Plummet: Jalgaon Jewellers Fear 2011 Repeat Amid Trump Uncertainty

• Gold and silver prices have seen a significant unexpected fall over the last four days, causing immense stress in the market.
• Silver plummeted by 1.5 lakh in three days, leading to crores in losses for investors, while gold fell from 1.8 lakh to 1.55 lakh.
• Swaroop Lunkad of Jalgaon Jewellers Association recalls 2011 when silver crashed from 78,000 to 34,000 in six months, fearing a similar repeat.
• Uncertainty surrounding US President Donald Trump's upcoming policies is impacting global and local bullion markets.
• Investors are advised to invest carefully and thoughtfully due to market instability and the risk of further declines.

Why It Matters: Gold and silver markets are highly volatile, with prices plummeting, causing investor losses and fear of a 2011 repeat.