New Delhi, March 24 -- Gold's second-biggest single-day drop in about four years could set up the most decisive test yet for investor appetite in precious metals.

Prices of the metal on the Multi Commodity Exchange plunged nearly 9% intraday to around Rs.1.33 lakh per 10g, erasing almost all of its gains so far this year. Silver fared worse, hitting lower circuits with about 11% losses.

Monday's drop in gold is the second steepest in a day since 2022, trailing only the 10% plunge on 2 February this year, Mint's analysis showed-underscoring a sharp rise in volatility across precious metals in 2026.







The latest sell-off was triggered by fears of macroeconomic tightening, according to experts. As the West Asia conflict stretches into...