Gold, Silver Prices Crash: ₹21,000 Silver Drop Shocks Market, Gold Also Falls

• Silver prices witnessed a historic fall of ₹21,000 on Monday, plummeting by 8% to ₹2.33 lakh after reaching an all-time high of ₹2.54 lakh.
• Gold prices also saw a reduction of ₹5,000 from their peak, closing at ₹1,36,781 per 10 grams on Monday after opening at ₹1,38,161.
• Despite the Monday crash, silver rebounded by ₹6,000 on Tuesday morning, trading around ₹2.37 lakh per kilogram, causing investor confusion.
• Market experts attribute the sudden decline to year-end profit-taking, but strong demand suggests potential future price increases.
• Over the year, gold surged by ₹60,619 and silver by ₹1,49,423, making investors rich due to global developments and economic uncertainty.

Why It Matters: Gold and silver saw dramatic price drops due to profit-taking, but silver quickly rebounded, maintaining yearly gains.