India, March 23 -- As the Middle East conflict continues into its fourth week, the global financial market is not immune to the pressure, and even a safe haven like gold is not exempt. In a surprising move, the value of gold has seen its largest weekly drop in nearly four decades, as its value has been pushed down to $4,354 per ounce. This is a sharp drop from its value, which touched $5,200 per ounce on March 13, after previously rising as high as $5,595.51.

Gold and Silver Prices See Sharp Fall on MCX

On Monday, the prices of both gold and silver have also dipped considerably in the Indian market as well. At around 1:00 pm, the gold futures on the MCX platform have dipped to a low of Rs.1,30,891, down by as much as Rs.13,601 or 9...