Gold and Silver Prices Crash in India
Silver falls by ₹15,000 per kg, gold drops nearly 0.8% on MCX
Gold Silver Price Crash: Gold and Silver Prices Fall Sharply! Silver Cheaper by ₹15,000, Big Drop in Gold Too — Check Latest Rates
Gold Silver Rate Today:Silver prices on the MCX have plunged by as much as ₹15,000 per kg, hitting nearly a 6% lower circuit. Gold prices have also declined by around 0.8%, with rates hovering near ₹1.50 lakh.
Why Gold and Silver Prices Are Falling Today:
For the second consecutive day, gold and silver prices have seen a sharp decline. As trading began on Friday morning, silver on the Multi Commodity Exchange of India (MCX) dropped sharply by ₹15,000 per kg. Silver prices fell to ₹2,29,872 per kg, registering a fall of about 6% and hitting the lower circuit.
Gold prices have also weakened. On the MCX, gold prices declined by nearly 0.8%, with 10 grams of gold trading at around ₹1,50,675. Just a few days ago, both gold and silver had touched record highs. However, prices have now corrected significantly from those levels.
The April 2026 expiry gold futures contract has already fallen by nearly ₹28,000 from its record high. Similarly, silver has dropped by more than ₹1.5 lakh from its all-time high.
Why Have Prices Crashed?
According to experts, the main reason behind the fall in gold and silver prices is easing tensions between the United States and Iran. Renewed talks between the two countries regarding a nuclear deal have reduced global uncertainty and market fear.
As a result, investors are shifting away from safe-haven assets like gold and silver and moving toward the US dollar. A stronger dollar usually puts pressure on gold and silver prices, and that is exactly what is happening now.
Market experts say that precious metals had witnessed a strong rally over the past few weeks. This rally is now cooling off, and prices are gradually moving lower. Some experts have even warned that prices could fall further in the coming days.
In short, gold and silver markets are currently highly volatile. Investors who bought at higher levels may look to book profits whenever opportunities arise. The direction of prices in the coming days will largely depend on global developments and movements in the US dollar.
