NEW DELHI: Panic selling and profit-booking fueled by the ongoing Iran conflict have led to a massive crash in precious metal prices. Gold plunged by ₹2,685 to reach ₹1.56 lakh per 10 grams. Silver witnessed a sharper decline, dropping ₹20,000 in just two days to settle at ₹2.48 lakh per kg. Experts suggest global market instability is driving this sudden volatility.