Gold, Silver Prices Plummet: Silver Down ₹13,000, Gold ₹1,000 in 12 Hours

• Gold and silver prices saw a significant drop in just 12 hours, with silver falling by ₹13,000 and gold by ₹1,000.
• One kilogram of 999 pure silver is now ₹13,000 cheaper, reaching ₹2,78,000, though prices are expected to rise to ₹3,00,000 by January end.
• 999 pure gold is priced at ₹1,43,523 per tola, with 22 carat at ₹1,31,000 and 18 carat at ₹1,07,000.
• Gold prices with GST are around ₹1,46,000 and are projected to cross the ₹1,50,000 mark soon, causing concern during wedding and festive seasons.
• Global trade fears due to US-Iran conflict and instability from the investigation into US Federal Reserve Chairman Jerome Powell are expected to drive gold and silver prices up.

Why It Matters: Gold and silver prices dropped sharply but are projected to rise due to global economic and political tensions.