Gold and silver prices opened lower today, catching investors and jewellery buyers by surprise. After weeks of strong momentum, the sudden decline has brought short-term relief to buyers who were waiting for a correction. Gold prices have softened across 24K, 22K, and 18K categories, while silver has dropped below the crucial ₹2 lakh per kilogram mark, triggering fresh interest in the bullion market.
Why Gold and Silver Prices Are Falling Today
The decline in precious metal prices is largely driven by profit booking at higher levels, a stronger global currency trend, and cautious investor sentiment ahead of upcoming economic data. Gold, often seen as a safe-haven asset, tends to fluctuate when markets reassess inflation outlook and interest rate expectations. Silver, being both an industrial and investment metal, has seen sharper volatility, leading to a steeper fall compared to gold.
Today’s Gold Rates Across 24K 22K and 18K Categories
Gold prices have eased across purity levels, offering a short window of opportunity for buyers planning jewellery purchases or long-term investment.
| Gold Purity | Price Today per 10 Grams |
|---|---|
| 24K Gold | ₹72,900 |
| 22K Gold | ₹66,850 |
| 18K Gold | ₹54,700 |
Silver Price Today Drops Below a Key Psychological Level
Silver prices have witnessed a stronger correction compared to gold. The metal has slipped below ₹2,00,000 per kilogram, a level closely watched by traders. This drop is attributed to cooling industrial demand expectations and short-term selling pressure. For investors with a higher risk appetite, this decline may present an accumulation opportunity.
What This Price Fall Means for Buyers and Investors
The current dip could benefit different categories of buyers in different ways.
- Jewellery buyers may find better value deals, especially ahead of wedding and festive demand
- Long-term investors can use the correction to average their buying cost
- Silver traders may see higher volatility, offering short-term trading opportunities
Should You Buy Gold or Silver Now
Market experts suggest that gold remains strong in the long term due to ongoing economic uncertainty and central bank demand. Short-term fluctuations like today’s fall are considered healthy corrections rather than trend reversals. Silver, while more volatile, continues to hold potential due to its industrial usage, especially in clean energy and electronics.
What to Watch in the Coming Days
Gold and silver prices will remain sensitive to global cues, including inflation data, interest rate signals, and currency movements. Any shift in these factors could influence whether prices stabilize or see further correction.
Conclusion
Today’s decline in gold prices across 24K, 22K, and 18K categories, along with silver falling below ₹2 lakh, has changed the short-term outlook for bullion buyers. While volatility may continue, this correction offers a timely opportunity for cautious investors and jewellery buyers to plan their purchases more strategically.
Disclaimer: Gold and silver prices vary by city and include local taxes and making charges. Rates are subject to change.
