Deep losses, rampant layoffs tell the other side of India's gold, silver story

India's gold and silver markets are facing a never-before-seen crisis. Extreme price swings have halted business in Rajkot and Mumbai. Demand has vanished, leaving traders with massive dues and workers jobless. Jewellery has become unaffordable for many. Consumers are delaying purchases, and selling metal is getting more and more difficult.