International gold prices dropped sharply to around $5,135 today, while silver fell to $109, erasing more than $3 trillion in market value within just 90 minutes, according to research data. The sudden fall followed a massive rally of nearly 90 percent over the past year, which had been driven by geopolitical tensions, a weaker US dollar, and strong buying by central banks. Analysts said the sharp decline was largely due to widespread profit-taking by investors.

Silver saw losses of more than 10 percent, reflecting the intense volatility across precious metals. Other risk assets also came under pressure, with S&P 500 futures falling 1.2 percent and Nasdaq futures dropping 2.5 percent, signaling broader market weakness.

At the time of reporting, silver had lost about $760 billion in market capitalization, while nearly $4 billion was wiped off gold. Combined, the losses were greater than Bitcoin’s entire market value, highlighting the scale of the selloff.

Despite the sharp pullback, gold remains significantly higher on a year-to-date basis. Investors are now closely watching market movements, hoping for a possible rebound amid ongoing volatility. Several traders on X, formerly Twitter, described the situation across gold, silver, and Bitcoin as extremely intense.

Meanwhile, US stock markets closed lower on Thursday, weighed down by a major decline in Microsoft shares. Investors reacted to the company’s latest earnings report and the US Federal Reserve’s interest rate decision. The S&P 500 slipped around 1 percent, while the Nasdaq Composite fell 1.6 percent. The Dow Jones Industrial Average edged down 21 points, or 0.1 percent.

Microsoft had a heavy impact on the broader market, plunging 12 percent in its worst single-day drop since March 2020. The fall came after the tech giant reported slower growth in its cloud business and issued weaker-than-expected guidance for operating margins in the upcoming quarter.

In yesterday’s crash, Bitcoin Drops to 2026 Low as Gold and Tech Stocks Fall