If you’ve been waiting for the right time to buy gold, this might just be it. After weeks of high prices and nervous buyers, gold rates have dropped sharply today nearly ₹2,000 per 10 grams. For many households and soon-to-be brides, that’s a small but welcome relief, especially with the wedding season just around the corner.
Let’s walk through what’s really going on with gold and silver prices right now — and what it could mean for you.
Gold Prices Drop Again Here’s the Latest Update
According to data from ibjarates, 24-carat gold is now priced at ₹1,19,164 per 10 grams, compared to ₹1,21,077 yesterday evening. That’s a clear fall of ₹1,913 in a single day.
Silver, too, has taken a dip. Yesterday, the price stood at ₹1,45,031 per kilogram, but it’s now down to ₹1,43,400 per kilogram — a drop of ₹1,631.
How Different Carat Gold Rates Compare Today
Here’s a quick snapshot of where prices stand now compared to yesterday:
| Gold Type | Yesterday’s Price (₹/10g) | Today’s Price (₹/10g) | Price Drop |
|---|---|---|---|
| 24 Carat | 1,21,077 | 1,19,164 | ₹1,913 |
| 23 Carat | 1,20,593 | 1,18,687 | ₹1,906 |
| 22 Carat | 1,09,154 | — | — |
| 18 Carat | 89,373 |
Gold Has Fallen From Record Highs
Not too long ago, gold had reached record levels. Around mid-October, 24-carat gold touched ₹1,30,874 per 10 grams, and silver hit an unbelievable ₹1,78,100 per kilogram.
Back then, many buyers simply stayed away, waiting for prices to calm down. And now, their patience seems to be paying off.
This recent correction has brought some breathing space for small investors and ordinary families — especially those who see gold not just as jewellery, but as long-term security.
Wedding Season Brings Hope Back to Buyers
In India, gold isn’t just metal — it’s emotion. With the wedding season about to begin, this price drop has brought smiles back to thousands of buyers. Jewellers are already reporting increased footfall, as people rush to take advantage of the dip.
You might have noticed it yourself — people who postponed their purchases after Diwali are now back in the market, hoping to lock in rates before prices rise again.
Still, experts say volatility will continue for a while. So if you’re planning to buy, it might be smart to keep an eye on daily trends instead of waiting too long.
Why Prices Are Falling
You might be wondering — what’s causing this sudden drop?
Here’s the thing: international market trends, stronger currency movement, and profit-booking by traders have all played a part. When global gold prices fall or demand dips after festive peaks, Indian rates tend to follow.