Gold Rates Crash in India Today: 24K, 22K, 18K Gold Down 12%, Silver Prices Fall Sharply in India Today: 24K, 22K, 18K Gold Down 12%, Silver Prices Fall Sharply

Gold Rates Crash Alert in India: Major Fall in 24K, 22K and 18K Prices

Gold prices in India have witnessed a significant correction, falling nearly 12% from their recent record highs, bringing relief to jewellery buyers but creating uncertainty among investors. The decline has impacted all purity levels, including 24-carat, 22-carat, and 18-carat gold, while silver prices have also dropped sharply.

The fall comes after weeks of strong rallies that pushed precious metals to historic levels, driven by global economic uncertainty and safe-haven demand.

Latest Gold and Silver Rates in India Today

According to bullion market trends, gold prices have dropped substantially across major cities like Delhi, Mumbai, Chennai, and Kolkata.

Gold Prices (Approximate)

  • 24K Gold: ₹71,000 – ₹73,000 per 10 grams
  • 22K Gold: ₹65,000 – ₹67,000 per 10 grams
  • 18K Gold: ₹53,000 – ₹55,000 per 10 grams

Silver Prices

  • Silver Rate: Around ₹82,000 – ₹86,000 per kg

Silver has fallen significantly compared to its recent peak levels, reflecting weakness in the overall precious metals segment.

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Why Gold Rates Are Falling in India

Several key domestic and global factors are responsible for the recent crash in gold prices.

1. Profit Booking After Record High

Gold recently touched historic highs, prompting investors to book profits. This selling pressure has led to a correction in prices.

When prices rise rapidly, short-term traders often exit their positions, which causes prices to fall

2. Strength in US Dollar

Gold prices are inversely related to the US dollar. A stronger dollar makes gold expensive globally, reducing demand.

Global currency fluctuations have directly impacted Indian gold prices.

3. Global Economic Stability Signals

Gold is considered a safe-haven asset. When economic uncertainty decreases, investors shift toward equities and riskier assets, reducing gold demand.

This has also contributed to the recent fall.

4. Weakness in Commodity Market

Silver and gold both follow commodity trends. Weakness in global commodity markets has increased selling pressure.

Silver, which has industrial demand, has fallen even faster due to reduced industrial buying expectations.

Relief for Jewellery Buyers

The fall in gold prices has brought relief to millions of Indian consumers, especially those planning jewellery purchases for weddings and upcoming festivals.

India is one of the world’s largest gold consumers, and price drops often increase retail demand.

Jewellers are already reporting increased customer inquiries following the correction.

Lower prices make gold more affordable for middle-class buyers.

Impact on Investors

While buyers are happy, investors are cautious.

Gold is traditionally seen as a long-term safe investment, but short-term volatility can impact returns.

Investors in:

  • Gold ETFs
  • Digital gold
  • Sovereign Gold Bonds
  • Gold futures

may see short-term fluctuations in their portfolios.

Experts advise long-term investors to stay calm and avoid panic selling.

Is This the Right Time to Buy Gold

Market experts believe this correction may create buying opportunities.

Historically, gold has delivered stable long-term returns despite short-term corrections.

Key reasons gold remains important:

  • Hedge against inflation
  • Safe-haven during crisis
  • Portfolio diversification

However, investors should buy gradually instead of investing large amounts at once.

Silver Prices Also See Major Fall

Silver prices have also fallen sharply alongside gold.

Silver had recently touched multi-month highs but has now corrected significantly.

Reasons for silver fall include:

  • Weak industrial demand outlook
  • Commodity market pressure
  • Profit booking

Silver is more volatile than gold, which is why price movements are sharper.

Gold Price Outlook: What Happens Next

Experts believe gold prices may remain volatile in the short term.

Key factors to watch:

  • US Federal Reserve interest rate decisions
  • Inflation trends
  • Global economic outlook
  • Dollar strength

If global uncertainty rises again, gold prices may increase.

But if economic stability improves, gold may remain under pressure.

Why Gold Is Important for Indian Economy

Gold plays a major role in Indian households and economy.

India imports large quantities of gold every year.

Gold is used for:

  • Jewellery
  • Investment
  • Savings

Price movements directly impact consumers and markets.

Conclusion

The recent gold rates crash in India, with prices falling nearly 12% from peak levels, marks a major shift in precious metal trends.

While investors may see short-term pressure, jewellery buyers are benefiting from lower prices.

Silver prices have also declined significantly, reflecting broader commodity weakness.

The coming weeks will be crucial in determining whether gold prices fall further or recover.

For now, the correction has created both challenges and opportunities in India’s bullion market.

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