Gold price plummets ₹9,140 per 10g, silver drops ₹27,000 - Shocking one-day record decline

Investors and gold enthusiasts smile as gold and silver prices crash sharply today, marking one of the largest single-day drops in recent history.

Ahead of the Union Budget 2026-27, gold prices in India witnessed a massive drop today, bringing cheer to buyers and small investors. The price of gold fell by ₹9,140 for every 10 grams, marking a decline of nearly 6% in a single day. Experts say this is one of the largest single-day drops in recent years in the Indian gold market.

The silver market also saw significant losses, with prices declining by ₹27,000, causing a ripple across the bullion market. Analysts attribute this sudden slide to a combination of international market trends, global economic factors, and fluctuations in demand and supply.

The fall in gold and silver prices is likely to influence both retail buyers and jewelers, who may adjust their pricing strategies accordingly.

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The market has recorded the highest single-day price fall in recent memory, emphasizing the volatility in bullion prices. Traders suggest that investors keep an eye on global economic indicators and continue monitoring the domestic market to make informed decisions.

This sharp fall has sparked widespread discussion among traders, financial analysts, and retail customers. With gold prices reducing by ₹9,140 per 10 grams and silver by ₹27,000, the market witnessed a rare and substantial correction, providing a window of opportunity for potential buyers.

Such rapid fluctuations are not uncommon in the precious metals market but caution investors to remain aware of international trends, including the US dollar strength, crude oil prices, and global inflation data, which often affect bullion pricing.

For many, today’s drop in gold and silver prices comes as welcome news, especially those looking to invest in physical gold or silver for weddings, festivals, or long-term savings. Jewelers anticipate increased footfall in the coming days as customers seek to take advantage of the lower rates.