
On this India Today special report, Marya Shakil examines the significant crash in precious metal prices as gold and silver hit their lower circuits just ahead of the Union Budget. Maria Shakil noted that there has been a ‘sudden increase post 2024 in the last two years and the increase has been rather sharp from 2025 January onward’ before the current downturn. The programme explores the factors behind this parabolic rise and subsequent crash, including profit booking, the ‘fear of missing out’ (FOMO) among investors, and global geopolitical uncertainty. Analyst Rajiv Mantri contributes to the discussion, suggesting that the price volatility reflects a larger narrative regarding the status of the US dollar in the international economy and the search for safe-haven alternatives. The report provides a detailed graphic assessment of how prices have moved over the last year, highlighting the impact of global turbulence on Indian commodity markets.
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