Gold Prices Plummet: Is a Drop Below 1 Lakh Imminent? Investors Eye Long-Term Gains

• Gold and silver prices saw a significant fall at the start of the week, surprising investors.
• 24-carat gold in Delhi reached approximately ₹1,57,890 per 10 grams, with 22-carat at ₹1,44,740.
• Silver experienced higher volatility, dropping about 4% on the Multi Commodity Exchange (MCX).
• Pressure on bullion is attributed to international profit-taking, US economic data, and interest rate uncertainty.
• JPMorgan Chase maintains a positive long-term outlook for gold, predicting stronger prices by 2026; experts advise against panic over short-term dips.