Gold Prices Drop Sharply, Silver Falls Below ₹2 Lakh Per Kg

TV9 Hindi · stocks

Gold and silver prices have seen a significant decline in the past week, with silver falling below the psychological level of ₹2 lakh per kilogram. December delivery gold on MCX dropped by nearly 4% to ₹1.42 lakh per 10 grams, while silver saw a steeper fall of 7.14%. This downturn is attributed to rising crude oil prices increasing inflation concerns and global investor focus on the US Federal Reserve's next move. Experts suggest the downward trend may continue this week.