International Market Sees Sharp Fall in Gold, Silver Prices

Steep single-day correction in precious metals

Gold and silver prices recorded a sharp correction in the international market, triggering a significant fall within a single trading day. The decline has been notable for both metals, with prices dropping to levels last seen after recent rallies.

Gold price drops nearly ₹20,000 per 10 grams

The price of 10 grams of gold fell by ₹19,750 in one day. Following this decline, the current price of 24-carat gold stands at ₹1,49,653 for 10 grams. The scale of the fall has drawn attention as it marks one of the steepest single-day corrections in recent sessions.

The sharp movement reflects the broader volatility seen in international bullion markets. Gold, which had been trading at elevated levels, witnessed a sudden reversal as prices adjusted sharply within a short span.

Silver records over ₹1 lakh fall per kilogram

Silver prices saw an even steeper fall in absolute terms. The price of one kilogram of silver declined by ₹1,07,971 in a single day. After this drop, silver is currently priced at ₹2,91,922 per kilogram.

The magnitude of the decline underscores the intensity of selling pressure in the silver market. Compared to gold, silver often shows wider price swings, and the latest correction has reinforced that trend.

Market volatility impacts bullion rates

The sharp fall in both gold and silver highlights the volatility currently prevailing in international commodity markets. Sudden price movements over a short period have kept bullion traders and investors cautious, especially as rates fluctuate sharply within days.

With both metals witnessing heavy losses in one session, the focus remains on how prices stabilise in the coming days. Market participants are closely tracking further movements, given the speed and scale of the latest correction.

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