Gold, silver, crude prices plunge as trading catches coronavirus bug

Gold, silver and crude oil prices hit the lower circuits on India's MCX index on Monday, pulled down by the coronavirus crisis that caused a global equity sell off in bullion, metals and energy.

Silver traded at its lowest in international markets since May 2009 and crude oil, metals did their worse since 2016.

Agricultural commodities declined sharply as sellers rushed to liquidate their stocks. Gold was in the green initially but fell in late trading. “Funds and investment houses had bought a huge quantity of silver in the last few months as safe haven asset class. Now, they are