Gold Price Crash: Gold prices in India witnessed a sharp fall on Saturday, December 6. After several weeks of high volatility, the yellow metal became cheaper across all purity levels — 24K, 22K, and 18K. This fall has surprised many buyers, especially those planning to purchase gold for weddings, investment, or festive needs. On the other hand, silver prices continued their upward trend and stayed close to record highs.
Gold Prices Down Across All Purity Levels
Gold became significantly cheaper in the morning trade. The price of 24K gold dropped by ₹540 per 10 grams, bringing the new rate to ₹1,30,150 per 10 grams. For bulk buyers, the price of 100 grams slipped by ₹5,400, now costing ₹13,01,500. Smaller quantities also saw a similar fall, where 1 gram of 24K gold came down by ₹54.
The trend was similar with 22K gold, which is widely used for jewellery. The price of 10 grams of 22K gold fell by ₹500, making the updated rate ₹1,19,300. Prices of 8 grams and 1 gram also dropped, giving relief to buyers looking for affordable options.
For those who prefer 18K jewellery, there was a notable correction as well. 10 grams of 18K gold declined by ₹410, while 100 grams saw a steep fall of ₹4,100. This drop indicates that gold has entered a short-term correction phase after months of rising prices.
Gold Delivered Big Returns in 2025
Despite the recent correction, gold has been one of the strongest performing assets of 2025. According to the World Gold Council (WGC), gold touched all-time high levels more than 50 times this year. By the end of November, gold had delivered over 60% returns, making it a preferred choice for long-term investors.
However, price movements throughout December have remained unpredictable.
- On December 5, gold jumped by ₹10,300.
- On December 4, it fell by ₹9,200.
- On December 3, the price increased by ₹7,100.
These frequent ups and downs show high volatility in the global precious metals market.
Silver Prices Continue to Rise
While gold turned cheaper, silver prices moved upward. The rate of 1 kg silver increased by ₹3,000, reaching ₹1,90,000. Even smaller quantities such as 10 grams and 100 grams saw steady growth. This week, silver gained over 1%, outperforming gold which fell by 0.41%.
Is This a Good Time to Buy Gold ?
Experts believe that falling prices may offer a good buying opportunity, especially for people planning to purchase gold for weddings or long-term saving. With global cues and domestic demand influencing the market, prices may remain volatile, giving buyers a chance to make smart decisions.
