Commodities Live: Tremendous fall in gold and silver; Why do Gold-Silver prices plummet ?

On MCX, gold slipped by more than ₹ 500 to ₹ 51,700. Heavy fall in silver from ₹ 1600 on MCX. Silver slipped below ₹65,000 on MCX. Gold in the global market fell $22 below $1915. The dollar jumped on estimates of rate hikes in the US. Dollar at record 2-year high. Bond yields jumped on the back of the US Fed's aggressive stance. Fears of economic slowdown in the US increased selling in gold.