Gold Prices Crash As Silver Holds Steady Across Cities

The sudden crash in gold prices is attributed to global market volatility, profit booking, and easing geopolitical tensions. Domestic demand remains steady, but the sharp correction has created curiosity among retail buyers and investors looking for entry points.

City-Wise Gold And Silver Rates
In Delhi, gold prices dropped to around Rs 66,500 per 10 grams, while silver hovered near Rs 75,200 per kg. Mumbai reported similar trends, with gold slipping below Rs 66,400. Chennai and Kolkata also saw declines, reflecting nationwide corrections in bullion rates.

Market Drivers
Analysts point to cooling global tensions and a stronger US dollar as key factors behind the sudden fall. Silver’s relative stability suggests industrial demand remains intact, even as gold faces speculative pressure.

Key Highlights

• Gold prices crash Rs 9,050 on March 24
• Delhi gold at Rs 66,500 per 10 grams
• Silver steady at Rs 75,200 per kg in major cities
• Mumbai, Kolkata, Chennai, Hyderabad, Surat report similar declines
• Global cues and dollar strength drive correction

Future Outlook
Experts believe gold may remain volatile in the short term, while silver could benefit from industrial demand. Investors are advised to track global cues closely before making fresh entries into bullion markets.

Sources: LiveMint, Economic Times, Business Standard