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The pricing charts of rare elements, gold and silver have been going up and down extremely disproportionately in the recent past. This was on display last night as the prices of gold and silver in the global market crashed at unprecedented level.
Gold prices drop more than 10% in a single day yesterday as the Indian market reported the pricing as Rs 1.49 lakh yesterday after a dip of Rs 19,750 from the Rs 1.69 lakh the previous day.
The case of Silver pricing is even more confusing as it lost more than ₹1,00,000 valuation in a single day.
Silver prices came down from ₹3.91 lakh to Rs 2.91 lakh yesterday. The prices fluctuated in the range of 34 to 35 percentage, which is quite unprecedented in the global trading history.
It must be noted that gold and silver have been projecting, unprecedented, trending in terms of all time, high prices, and all the hype got diluted very quickly with the massive crash yesterday.
It is being established in the internal investment circles that gold and silver buyers have been cashing on the profits and selling them rapidly to book profits; which has led to a sharp decline in the valuation globally.
Tags Gold Rates Silver rates
