Gold prices plunge by Rs 3,750 per 10 grams this week. Is a deeper fall coming next? Should you buy now or wait?
Gold Price Crash: Rs 3,750 Drop Shocks Market – What’s Next?
Gold prices in India took a major hit this week, dropping by Rs 3,750 per 10 grams. This steep fall has triggered a wave of questions among investors, jewelers, and everyday buyers. Is this a short term dip, or are we heading for a bigger correction?
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Why Did Gold Prices Fall?
The current decline is tied closely to global market signals. As the US dollar strengthens and interest rate cuts get delayed, gold becomes less attractive. With the Federal Reserve hinting at a slower pace of easing, global investors are shifting toward the dollar, pulling gold prices down.
In India, the price of 24K gold slipped from Rs 72,500 to Rs 68,750. This drop is the sharpest weekly dip seen in months.
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Should You Buy Gold Now?
This is the big question for buyers. With prices down, it feels like a good time to buy. But market experts suggest caution. Gold may fall further and test Rs 68,000 per 10 grams before stabilizing.
If you’re buying for the long term like weddings, savings, or investment it might still be a smart time to enter. But for short-term traders, it’s wise to wait and watch how global signals unfold.
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What It Means for Indian Buyers
Traditionally, gold buying in India goes up when prices fall. Festivals, weddings, and bulk purchases often spike after such dips. But buyers now face a dilemma, lock in the current price or wait for a further fall?
Many jewelers expect a bounce once prices settle. If global cues turn favorable like rising inflation or renewed geopolitical stressgold could recover quickly.
Will Prices Fall More or Stabilize?
Analysts say the price could briefly dip below Rs 68,000, but a steep crash isn’t likely unless the dollar strengthens further or US data shocks markets again. Otherwise, gold might soon find support and start trending sideways or slightly up.