Gold price drop alert: Experts say gold could fall to ₹88,000/10g. Should you buy, hold, or wait? Full analysis and advice inside.Gold Price Crash Coming? Experts Warn of Possible Fall to ₹88,000 – What Should You Do Now?

Big Drop After April Highs

Gold prices in India have taken a sharp hit recently. Just weeks ago, on April 22, gold was flying high at ₹99,358 per 10 grams on the MCX. Now? It’s down almost 7%, and experts are warning it could dip further possibly even to ₹88,000. This sudden drop has left investors anxious and unsure.

According to Axis Securities, gold is now hovering close to a key support level, the lower edge of its 50 day moving average envelope. This level has historically helped stop further declines, but now that line’s being tested again and things might change fast.

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Crucial Week Ahead

Axis Securities also flagged May 16–20 as a crucial window. If global gold prices break below ₹2,61,000 , we might see them crash toward $2,875–$2,950 (₹2,39,300 to ₹2,45,700 INR ) That would definitely push Indian prices lower too.

A big factor? The U.S. Federal Reserve. Hopes for interest rate cuts are fading, which means less appetite for gold as a safe haven. Add to that rising bond yields and global tensions easing a bit gold’s shine starts to dim.

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Market Pressure Mounts

Renisha Chainani from Augmont says gold is under heavy pressure due to low demand and messy geopolitics. “Gold bounced back slightly, but we’ve already broken the double top neckline at ₹270,000,” she explained. Her forecast? A dip toward ₹87,000–₹88,000 in India.

Still, she sees opportunity too. For long term investors, these lower prices could be a golden chance to buy in before the next rally.

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Buy the Dip or Stay Out?

Prithviraj Kothari of RiddiSiddhi Bullions still sees gold’s long term fundamentals as solid. But he warns of turbulence in the short run. If the global economy speeds up, and fear in markets fades, gold might see a sharper correction.

His advice? Stay alert and diversify. Don’t panic, but don’t ignore the warning signs either.

What Investors Should Do

If prices really touch ₹88,000, it could be a sweet spot for those waiting on the sidelines. But it’s not about guessing the bottom it’s about planning wisely. Spread your risk. Think long-term. Gold isn’t going anywhere, but the road ahead could be bumpy.

Disclaimer: This article includes expert opinions and market forecasts. Please consult your financial advisor before making investment decisions.