Gold, silver prices plunge in Dubai; investors sell in panic
Gold prices fell further on Saturday morning in Dubai after they slipped below Dh600 per gram in the previous sessions as profit-taking pushed the precious metal to $5,000 per ounce globally.
The 24K gold plunged to Dh589.5 per gram on Saturday, down from a record high of Dh666 hit on Thursday evening, losing Dh76.5 per gram.
The other variants were also trading down, with 22K, 21K, 18K and 14K selling for Dh545.75, Dh523.25, Dh448.5 and Dh349.75 per gram, respectively.
Similarly, silver also took a severe hit, plunging 34 per cent, or $40 an ounce, during the sell-off.$BTC
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