Gold and Silver Crash: Prices Plummet, Silver Below 2 Lakhs, Gold Hits Lower Circuit

• Silver prices, once at ₹4.25 lakh, have crashed below ₹2 lakh per unit in just two months.
• Gold also experienced a significant drop, hitting a 10 percent lower circuit on MCX, falling below ₹1.30 lakh per 10 grams.
• The ongoing conflict between Iran and America has fueled global inflation fears, leading to massive selling of precious metals.
• Silver became cheaper by ₹2.25 lakh per kilogram, with a ₹26,000 fall on Monday alone, reaching ₹199,643 per kilogram.
• The US Federal Reserve's decision to keep interest rates stable further pressured gold and silver prices in the global market.