Gold, Silver Prices Plummet: Buy Now or Wait for Further Dips?

• Gold and silver prices have fallen for two consecutive days, surprising investors and buyers.
• 24-carat gold in Delhi dropped by ₹1,320 per 10 grams, and 22-carat by ₹1,210 in two days; silver plunged by ₹7,100 per kilogram.
• Market experts attribute the fall to profit-taking and caution ahead of US inflation data (PCE) and FOMC meeting.
• JM Financial Services suggests the bullion market is in a consolidation phase, awaiting a major trigger.
• Long-term investors are advised to invest in phases during dips, while short-term traders should monitor dollar index, US bond yields, and Fed policy.