Gold Price Today Plunges ₹572 While Silver Crashes ₹864: Shocking City-Wise Rates You Must Check Before Buying!
Gold Price Crash 2025: Why Gold Fell ₹572 and Silver ₹864 in a Day – Latest City-Wise Rates and Expert Outlook
Gold and silver, the most trusted investment metals, have witnessed a sharp dip in prices for the second consecutive day, leaving investors and jewelry buyers in anticipation. 📉 At the Multi Commodity Exchange (MCX), gold prices saw a notable decline in early morning trading, while silver also followed the downward trend. This price movement has sparked curiosity among traders, households, and investors alike, as the demand for these precious metals remains deeply tied to Indian festivals, weddings, and global market conditions.
Today, gold prices fell by over ₹572 per 10 grams, and silver witnessed a steep fall of ₹864 per kg, shaking market sentiment. These fluctuations are not just numbers on a chart—they directly impact people planning weddings, festive shopping, and long-term investors looking for a safe haven. But why are gold and silver prices falling continuously? Let’s dive deep into the latest updates, city-wise rates, and factors influencing the market. ✨
📊 Current Gold Prices in India Today
As of 9:30 am today, the price of 24-carat gold on MCX stood at ₹109,250 per 10 grams, marking a fall of ₹572. During early trading, gold touched an intraday low of ₹109,157 and a high of ₹109,425 per 10 grams.
Just yesterday evening, the Indian Bullion and Jewellers Association (IBJA) recorded the gold rate at ₹110,869 per 10 grams, highlighting a sharp overnight decline. This steep dip is being closely monitored by traders and buyers, as global cues continue to exert pressure on the Indian bullion market.
🪙 Silver Price Today in India
Silver, often referred to as “poor man’s gold,” also slipped in today’s trading session. On the MCX, silver prices were recorded at ₹125,940 per kg at 9:33 am. The precious metal set a low of ₹125,900 and a high of ₹126,614 per kg in intraday trading.
Comparatively, the IBJA price yesterday evening was recorded at ₹129,300 per kg, showing a significant drop of nearly ₹3,360 within a single day. This massive fall is concerning for both industrial users and small investors who traditionally rely on silver as a safer alternative to gold.
📍 City-Wise Gold and Silver Prices in India
Here’s a quick look at the latest city-wise rates of gold and silver across major Indian cities:
- Patna: Gold – ₹109,440 | Silver – ₹125,560
- Jaipur: Gold – ₹109,480 | Silver – ₹125,610
- Kanpur: Gold – ₹109,530 | Silver – ₹125,660
- Lucknow: Gold – ₹109,530 | Silver – ₹125,660
- Bhopal: Gold – ₹109,610 | Silver – ₹125,760
- Indore: Gold – ₹109,610 | Silver – ₹125,760
- Chandigarh: Gold – ₹109,500 | Silver – ₹125,700
- Raipur: Gold – ₹109,460 | Silver – ₹125,650
These rates vary slightly across states due to transportation costs, local taxes, and market demand.
🌍 Why Are Gold and Silver Prices Falling?
The continuous decline in gold and silver prices is influenced by multiple factors:
- Strengthening US Dollar 💵 – A stronger dollar makes gold costlier in other currencies, thereby reducing demand.
- Global Market Trends 🌐 – Uncertainty around global interest rates and geopolitical tensions directly impact bullion prices.
- Declining Crude Oil Prices 🛢️ – Cheaper crude often affects inflation expectations, reducing gold’s appeal as an inflation hedge.
- Profit Booking by Investors 📊 – After recent highs, many traders are booking profits, causing a short-term dip in prices.
💍 Impact on Indian Consumers
For Indian households, especially with the festive season approaching, this dip in prices may come as a relief. Buyers looking to purchase jewelry for Navratri, Dussehra, Diwali, or weddings could benefit from the decline. However, for investors, this fall indicates market volatility, and they may prefer to wait before making large purchases.
🔮 Expert Market Outlook
Market experts suggest that while short-term corrections are common, gold still holds strong as a long-term safe-haven asset. Silver, too, is expected to regain strength due to its increasing industrial use in solar panels, electric vehicles, and electronics. Analysts recommend that buyers and investors keep an eye on international market movements, US Federal Reserve policies, and Indian rupee fluctuations against the dollar.
❓ FAQs
Q1. Why are gold prices falling today in India?
Gold prices are dropping due to global market trends, a stronger US dollar, and profit booking by investors.
Q2. What is the price of 24-carat gold today?
The price of 24-carat gold today stands at ₹109,250 per 10 grams on MCX.
Q3. How much did silver fall today?
Silver prices declined by ₹864 per kg today, currently trading at ₹125,940 per kg on MCX.
Q4. Will gold prices rise again before the festive season?
Experts believe gold could recover in the medium term due to seasonal demand and global uncertainties.
Q5. Which city has the cheapest gold rates today?
Among the listed cities, Patna and Raipur recorded slightly lower gold prices compared to others.
📝 Conclusion
The second consecutive day of falling gold and silver prices has sparked mixed reactions across India. While jewelry buyers may find this an opportune time to shop, investors are treading cautiously amid global uncertainty. With festivals and weddings around the corner, demand is expected to pick up, potentially stabilizing prices in the coming weeks. Whether you’re a trader, investor, or shopper, staying updated on daily bullion rates is essential in today’s fast-changing market.
