Gold tumbles

Gold has droppedĀ 3.35% in the last 24 hours and is trading at $1,313 per ounce as of 1:31 ET.

Silver is off 5.44% and can be picked up for $21.81 per ounce.

Gold miners shed 5.6% today. The Market Vectors Gold Miners ETF traded at $25.29.

gold and silver lower

Chart from Kitco