Gold buyers have received a pleasant surprise with a sudden drop in gold prices. If you are planning to purchase gold jewellery or invest in the yellow metal, this is a good opportunity. Today’s price update shows a sharp decline across 24K, 22K and 18K gold, which could influence market demand and buying behaviour in the coming days.
24K Gold Price Slashed Significantly
The biggest impact is seen in the 24K segment, which is the purest form of gold. In Delhi, Mumbai, and other major cities, the rate for 24K gold has dropped by ₹1,100 per 10 grams. The current price stands at ₹71,700. This dip has created a buzz in the bullion market as festive and wedding seasons approach. It is expected that more customers may line up at jewellery shops soon.
22K Gold Becomes More Affordable
The 22K gold rate, which is commonly used in jewellery making, has also been reduced. It is now priced at ₹65,700 per 10 grams, down by ₹950. This rate is being followed in major markets like Kolkata, Hyderabad, and Bengaluru. The demand for 22K jewellery may see a boost due to this sudden fall in price, especially among middle-class buyers.
18K Rate Update Brings Investment Opportunity
Those who prefer lightweight or fashion jewellery are looking at 18K gold, which has also seen a price dip. The latest rate for 18K gold is ₹53,100 per 10 grams. A decrease of ₹800 has made it more appealing for bulk buyers and gold investors looking for affordable options. Many online gold retailers are also offering limited-time deals on this category.
Offers, Trends and Buyer Response
Goldsmiths and retailers have started offering additional discounts and making charges relief to attract buyers. Some e-commerce platforms are also providing cashback offers on digital gold purchases. If the price trend continues, this might turn out to be a favourable period for customers and traders alike. Experts suggest tracking daily rates to make timely buying decisions.