INDIA, Nov. 25 -- Gold prices have dropped sharply this week, sending ripples through markets and sparking fresh debate about the global economy. Investors are watching closely as the yellow metal's fall raises questions: is a recession still on the cards, or has the worst been avoided? The latest data shows gold and silver prices tumbling more than 6% in Indian market, with global cues pointing to a changing outlook.

Gold's Sudden Slide Gold prices fell by 6.1% to Rs. 1,24,191 per 10 grams on the MCX since Oct 17 high. Silver also dropped 9.54% to Rs. 1,54,151 per kg. The decline comes as hopes for a US Federal Reserve rate cut in December have faded. At the same time, easing concerns over US tariffs have reduced the appeal of gold as a...