Precious metals slump! MCX gold rate crashes ₹8,800 per 10g to ₹1.44 lakh; silver prices plunge ₹25,500/kg

Precious metals often act as safe-haven assets. Their sharp decline suggests a shift in global risk sentiment or monetary policy expectations.

• •Gold and silver prices dropped to multi-week lows on MCX.
• •Gold fell to ₹1,44,215 (down ₹8,800 per 10g) and silver to ₹2,22,234 (down ₹25,500/kg).
• •Gold has seen an 11% decline in March, while silver's month-to-date fall reached 21%.
• •Risk flag: Sudden reversal in global economic sentiment
• •Risk flag: Geopolitical events increasing safe-haven demand