Gold & Silver plummet: Safe haven status challenged amid war & rising bond yields

In a dramatic turn of events, the bullion market has witnessed a sharp and rapid correction, with silver plunging nearly 50% and gold falling around 25% within just 53 days from their January 27 highs.

New Delhi: During a war situation it has been observed that investors move toward safe investments and the prices of gold and silver rise. However, at this juncture things are going in the opposite direction. At a tome when US-Israel and Iran are engaged in a war, which has led to high crude oil prices and disruptions in fuel supplies around the world, the prices of the precious white metals have also not soared but decreased.

On MCX today, silver touched an all-time high of Rs 4,20,048 and has now dropped to approximately Rs 2,06,360. Meanwhile, gold declined from Rs 1,80,779 to around Rs 1,35,800 during the same period.

Gold & Silver’s........

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