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via livemint.comMarkets

Gold and silver rates crash: what happened to precious metals and what drove them down

FROM THE WIRE · LIVEMINT.COM

Gold and silver prices plunged on Friday, with MCX gold falling ₹4,347 per 10 grams and silver dropping ₹10,577 per kg. Here are the factors responsible for this deep plunge.

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe sharp fall in gold and silver prices on MCX matters for commodity markets and for investors holding precious metals.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Gold and silver prices plunged on Friday.
  2. 02On MCX, gold fell ₹4,347 per 10 grams.
  3. 03On MCX, silver dropped ₹10,577 per kg.
  4. 04The article lists the factors behind the plunge.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
GoldCOMMODITY:GOLDCommodity3,898.90 USDMarket closedtoday -3.29%Negative SilverCOMMODITY:SILVERCommodity49.28 USDMarket closedtoday -5.93%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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