Gold & Silver Price Crash: Crowds Gather Outside Jewelry Shops Amidst Plunge; Prices Drop by ₹45,000 So Far—Just How Cheap Have Gold and Silver Become?

On Monday, April 6, a significant decline is being recorded in the prices of gold and silver. Around 10:09 AM, silver prices (Silver Price Today) witnessed a drop of over ₹1,000 per kilogram. Meanwhile, gold (Gold Price Today) has slipped by more than ₹300 per 10 grams. Both gold and silver had hit all-time highs in January. In January, gold had reached approximately ₹193,000 per kilogram. Today, gold touched a low of ₹148,298 per 10 grams. When compared to the ₹193,000 mark, gold has, so far, seen a decline (Gold Price Crash) of ₹44,702.

Gold Price Crash: How much cheaper has gold become?

As of 10:24 AM, gold prices show a decline of ₹27 per 10 grams. Currently, the price of 24-carat gold is trading at ₹149,653 per 10 grams. So far today, gold has recorded a low of ₹148,298 per 10 grams and a high of ₹149,658 per 10 grams.

However, following an initial dip, June futures for gold showed a slight recovery around 10:30 AM.

Both gold and silver had set all-time records at the end of January. At that time, the price of 24-carat gold had reached ₹193,000 per 10 grams. Today, it hit a low of ₹148,298 per 10 grams. Comparing this low to the all-time high of ₹193,000 per 10 grams, 24-carat gold has effectively become cheaper by approximately ₹45,000.

Silver Price Crash: How much cheaper has silver become?

As of 10:30 AM, the price of 1 kilogram of silver is trading at ₹232,386. It has witnessed a decline of ₹109 per kilogram. Much like gold, silver has also staged a partial recovery; however, a downward trend is still evident in silver prices. By 10:30 AM, silver had touched a low of ₹2,29,651 per kilogram and a high of ₹2,32,450 per kilogram.