Gold price today: Gold Drops ₹1,200 on MCX, Silver Slides ₹4,700. Experts Share Key Levels

Gold price on the Multi-Commodity Exchange (MCX) fell sharply today. April gold contracts were down by about ₹1,200. Silver also slid around ₹4,700 per kilogram in the same session. This move caught the attention of traders and buyers alike, as precious metals often reflect broader market trends and investor sentiment. Such price swings matter. Many Indians buy gold for weddings and festivals. Others trade gold and silver on MCX to gain from price moves. When prices fall fast, people ask: Is this temporary? Or the start of a bigger trend?