Tue Dec 30 03:40:00 UTC 2025: Okay, here’s a news article summarizing the provided text:

Gold and Silver Prices Plunge, Triggering Investor Panic

New Delhi: Gold and silver prices experienced a dramatic crash on Monday, sending shockwaves through the Indian market. Silver saw its biggest single-day drop ever, plummeting roughly ₹31,500 per kilogram from its record high. Gold prices also fell sharply, dropping more than ₹6,000 from their peak.

The Multi Commodity Exchange (MCX) witnessed a volatile day. Both gold and silver initially surged in early trading before reversing course and collapsing. The primary reasons cited for the crash include:

  • Profit Booking: After reaching record highs, investors began cashing in profits, triggering a wave of selling.
  • Global Market Fluctuations: International silver prices saw extreme volatility, impacting Indian markets.
  • Easing Geopolitical Tensions: Optimism regarding the Russia-Ukraine war led investors to reduce holdings in safe-haven assets like gold and silver.
  • Margin Hikes: The CME Group increased margin requirements for silver futures, forcing some traders to liquidate positions.
  • Overextended Rally: Both metals had experienced significant price increases in recent months, making a correction inevitable.

At MCX, the 5 February 2026 expiry of 24 Carat Gold closed at ₹1,34,887 per 10 grams, witnessing a fall of ₹4986. During trading hours, it touched all time high of ₹1,40,444.

Silver closed at ₹2,23,502 per kilogram. Earlier in the day, it touched a high of ₹2,54,174.

Analysts suggest that the market may continue to experience volatility in the coming days. BTIG, a US-based financial firm, cautioned that the precious metals rally had reached a “parabolic stage,” warning of a potentially sharp and sudden correction. Investors are advised to exercise caution and closely monitor market developments.

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