New Delhi, March 23 -- Gold and silver prices in the domestic market witnessed a sharp decline of more than 7pc on Monday, driven by ongoing tensions in West Asia, global economic uncertainty, and a strengthening US dollar that has shifted investor interest away from precious metals.
Gold prices fell steeply during the trading session, dropping from Rs 1,40,158 in early trade to a low of Rs 1,29,595. The metal later recovered slightly and was trading around Rs 1,34,000 levels, still marking a significant decline of over 7pc.
Silver prices mirrored the trend, falling more than 7pc to trade at Rs 2,09,797 per kg, after hitting an intraday low of Rs 1,99,643. The sharp swings highlight heightened volatility in the bullion market.
Market exp...