Gold Crashed ₹50,000, Silver Down 39%: What Happened in Indian Markets & What to Do Now
Thursday: Gold Was ₹17,885 per Gram. Monday: ₹15,153.
That’s ₹2,732 gone per gram. In three trading days.
If you bought 100 grams of gold last Thursday (₹17.8 lakh), by Monday it was worth ₹15.1 lakh. You just watched ₹2.7 lakh disappear.
Silver? Even more brutal. From ₹4.2 lakh per kg to ₹2.5 lakh per kg. Down ₹1.65 lakh per kilogram.
Let me explain what just happened in Indian gold and silver markets, why the Union Budget duty cut didn’t prevent this crash, and what you should do if you’re planning to buy or already holding.