Gold-Silver Prices Crash: Silver Down ₹20,000, Gold ₹5,000 on MCX

• Gold and silver prices experienced a sharp decline on MCX, with silver falling by ₹20,000 per kilogram and gold by ₹5,000 per 10 grams.
• The domestic commodity market opened weak, influenced by a stronger rupee and global cues.
• The Indian rupee strengthened by 5 paise against the dollar, opening at 91.91, which put pressure on imported commodity prices.
• Industrial metals also showed weakness, with copper prices on MCX slipping by approximately 3%.
• A WhiteOak Capital Mutual Fund report highlights silver's sharp surge, advising prudent repositioning for investors.

Why It Matters: Gold and silver prices crashed on MCX due to a stronger rupee and global factors, with silver seeing a significant drop.