Gold, silver ETFs crash up to 16% as precious metal crash extends to third day: What lies ahead

Gold futures have dropped nearly Rs 50,000 per 10 grams (26%) in just three sessions after hitting a fresh lifetime high of Rs 1,93,096 per 10 grams.

`;
let listLength = apiData.data.watchlist_data.length;
if (apiData.data.predefinedcheck.allpredefined == true) {
let msg = apiData.data.predefinedcheck.message;
errorMessage(msg);
} else if (listLength == 1) {
submitWatchlistData(stockId, exChg, apiData.data.watchlist_data[0].watchlist_id, submitWatchlist,userVersion,’0′);
} else {
$(‘#watchlist_body’).html(watchlistHtml);
$(‘#watchListPopup_2396’).css(‘display’, ‘flex’);
$(‘.mc-modal’).addClass(‘success’);
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function submitWatchlistData(stockId, exChg, defWatch = ”, submitWatchlist,userVersion,modalvalue)
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if(modalvalue == 1)
{
if ($(‘input[name=”UserWatchlist”]:checked’).length === 0) {
$(‘.error-msg’).text(‘Please select the watchlist to add the Stock’);
setTimeout(function () {
$(‘.error-msg’).text(”);
}, 3000);
return false;
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$(“#watchListPopup_2396”).hide();
let token = readCookie(“token-normal”);
let selectedWatchlist = $(‘input[name=UserWatchlist]:checked’, ‘#userWatchlist’).val();
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selectedWatchlist = defWatch;
let errorMsgText = (exChg == 1 || exChg == 2) ? “Contract” : “Stock”;
if(selectedWatchlist == undefined){
$(“#errorMsg”).text(`Please select the watchlist to add the ${errorMsgText}`);
setTimeout(function () {
$(“#errorMsg”).text(”);
}, 3000);
}else{
let postData = {};
let reqType = ‘stock’;
switch (exChg) {
case ‘1’:
reqType = ‘future’;
let finalDate = $(“#finalDate”).attr(“data-val”);
if(userVersion == 5){
finalDate = getV5dateFormat(finalDate);
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postData = {
“asset_id”: stockId,
“exchange”: “N”,
“instrument”: “FUTSTK”,
“exp_date”: finalDate
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break;
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reqType = ‘options’;
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“exchange”: “N”,
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“option_type”: finalCall,
“strike_price”: finalPrice
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break;
case ‘3’:
postData = {
“asset_id”: stockId,
“exchange”: “B”,
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break;

default:
postData = {
“asset_id”: stockId,
“exchange”: “N”
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break;
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let postBody = {
“section”: [
{
“type”: reqType,
“assets”: [postData]
}
],
“watchlist_id”: selectedWatchlist,
“other_page”: true,
“transaction_source”: “web”,
}
$.ajax({
url: submitWatchlist,
method: “POST”,
headers: {
‘auth-token’: token, ‘device-type’: ‘web’,
‘content-type’: ‘application/json’
},
data: JSON.stringify(postBody),
beforeSend: function () {
//$(“#watchlist_body”).html(““);
},
success: function (apiData) {
let apiRes = (typeof apiData == “string”) ? JSON.parse(apiData) : apiData;

console.log(“apiRes”,apiRes);
// $(“#watchListPopup_2396”).hide();
if (apiRes.status_code == 1) {
var stk_msg = apiRes.data.message;
var modalContent = stk_msg;
var modalStatus = ‘success’;
$(‘.mc-modal-content’).text(modalContent);
$(‘.mc-modal-wrap’).css(‘display’, ‘flex’);
$(‘.mc-modal’).addClass(modalStatus);
hidemodal();
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var wtch_msg = apiRes.error_message;
var modalContent = wtch_msg;
var modalStatus = ‘success’;
$(‘.mc-modal-content’).text(modalContent);
$(‘.mc-modal-wrap’).css(‘display’, ‘flex’);
$(‘.mc-modal’).addClass(modalStatus);
hidemodal();
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let label = stock_swot_analysis+”|”+stock_name_for[stockId]+”|Portfolio|”+device_type+”|”+pro_or_non_pro+”|”+window.location.href;
commonGA4event(“News Article Stock Widget”,label);
if (readCookie(‘nnmc’)) {
document.getElementById(‘form_add_to_portfolio_’ + articleId + ‘_’+stockId).submit();
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let width = window.screen.width || window.innerWidth || document.documentElement.clientWidth;
if (width > 980) {
document.querySelector(‘.btn_signin.dropdown-toggle.linkSignIn’).click();
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window.location.href = ‘https://m.moneycontrol.com/login.php?cpurl=https://www.moneycontrol.com/news/business/markets/gold-etfs-crash-up-to-16-as-precious-metal-falls-rs-9-000-10-gm-silver-prices-fall-rs-17-000-kg-13802346.html’;
}
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//pcSavePort(0, 1, stockId);
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function pcSavePort(param, call_pg, dispId) {
var adtxt = ”;

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if (call_pg == “2”) {
pass_sec = 2;
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pass_sec = 1;
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var postfolio_url = ‘https://www.moneycontrol.com/portfolio_new/add_stocks_multi.php?id=’ + dispId;
window.open(postfolio_url, ‘_blank’);
} else {
AFTERLOGINCALLBACK = ‘pcSavePort(‘ + param + ‘, ‘ + call_pg + ‘, ‘ + dispId + ‘)’;
console.log(‘Login…’);

let width = window.screen.width || window.innerWidth || document.documentElement.clientWidth;

if (width > 980) {
document.querySelector(‘.btn_signin.dropdown-toggle.linkSignIn’).click();
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window.location.href = ‘https://m.moneycontrol.com/login.php?cpurl=https://www.moneycontrol.com/news/business/markets/gold-etfs-crash-up-to-16-as-precious-metal-falls-rs-9-000-10-gm-silver-prices-fall-rs-17-000-kg-13802346.html’;
}
}
}

function getstockdata(charstr,article,stk)
{
let type_of_drop = (charstr == ‘N’) ? ‘NSE Live’:’BSE Live’;
let label = stock_swot_analysis+”|”+stock_name_for[stk]+”|”+type_of_drop+”|”+device_type+”|”+pro_or_non_pro+”|”+window.location.href;
commonGA4event(“News Article Stock Widget”,label);
stockWidget(charstr, stk, article,stk.trim());
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function morebtn(articleId,stockId)
{
let label = stock_swot_analysis+”|”+stock_name_for[stockId]+”|More|”+device_type+”|”+pro_or_non_pro+”|”+window.location.href;
commonGA4event(“News Article Stock Widget”,label);
}