New Delhi, Feb. 1 -- Gold prices witnessed a sharp crash of around 20 per cent over the last two days, as extreme volatility gripped the commodity markets, according to data from the Multi-Commodity Exchange.

Gold prices continued their decline on Sunday, the budget day, with 24-carat gold on the MCX falling to Rs 1,36,185 per 10 grams. The precious metal had opened the session at Rs 1,46,800 per 10 grams, reflecting sustained selling pressure and sharp intraday swings.

Gold prices have become highly volatile, with sharp price swings in recent sessions. On Saturday, gold had already seen heavy pressure, closing lower by around 5.4 per cent at Rs 1,69,470 per 10 grams for 24-carat gold in the domestic commodity market.

The weakness was ...