Gold and silver prices crash up to 2% on MCX- What is driving this selloff?

MCX gold October futures crashed by more than ₹2,600, or almost 2%, to drop to ₹1,53,640 per 10 grams, while MCX silver September contracts plunged by over ₹4,200, or nearly 2%, to ₹2,32,501 per kg in early deals.