India, March 23 -- Gold and silver prices fell sharply on Monday, surprising investors who typically view precious metals as safe havens during conflict.

On the Multi Commodity Exchange of India, gold futures dropped to Rs 1,30,891, down 9.41 percent, while silver fell even more steeply to Rs 2,03,615, marking a 10.21 percent decline.

The fall comes even as tensions remain elevated in West Asia, challenging the traditional belief that gold and silver rise during geopolitical crises.

The sharp correction follows months of strong gains in both metals.

Investors had heavily bought gold and silver during the early phase of the conflict, driving prices to record highs.

With prices now elevated, many traders are locking in profits. This wa...