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Bullion bloodbath! Silver prices crumble 41%, gold dips over 25% in 3 days. Time for a turnaround?
Gold and silver prices extended a sharp correction after a speculative, momentum-driven rally, pressured by profit-taking, a stronger dollar, rising US yields and higher global margins. Analysts say the broader trend remains bullish, with current declines seen as consolidation rather than reversal, offering selective accumulation opportunities amid near-term volatility.
Sources: Economic Times - Markets (English), Hindu, NDTV +13 more
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