Gold & Silver Prices Crash Today : In a surprising twist, gold and silver prices have taken a sharp dive today across major cities in India — and it’s got everyone talking. Whether you’re planning to buy jewelry for an upcoming festival or tracking bullion for investment, this sudden drop could be a golden opportunity.
Let’s break down the latest rates, what’s driving the fall, and whether now’s the right time to make your move.
📉 Gold Prices Drop by ₹400 — Here’s What You’ll Pay Today
As of August 8, 2025, gold prices have dipped significantly:
- 24-carat gold: Down ₹400 per 10 grams
- 22-carat gold: Down ₹350 per 10 grams
Here’s a quick look at rates in major cities:
| City | 22K Gold (₹/10g) | 24K Gold (₹/10g) |
|---|---|---|
| Delhi | ₹59,500 | ₹64,900 |
| Mumbai | ₹59,200 | ₹64,500 |
| Chennai | ₹59,800 | ₹65,100 |
| Kolkata | ₹59,400 | ₹64,700 |
| Bangalore | ₹59,300 | ₹64,600 |
Note: Prices may vary slightly based on local jeweler rates, making charges, and state taxes.
🪙 Silver Prices Slide Too — Down ₹800 Per Kg
Silver isn’t spared either. Prices have dropped by ₹800, now trading at around ₹74,300 per kg. Expect retail prices for silver coins and jewelry to reflect this dip soon — great news for bulk buyers and silver investors.
🔍 Why Are Prices Falling?
Several global and local factors are behind today’s drop:
- Strong US Dollar: A rising dollar makes gold more expensive globally, reducing demand.
- Interest Rate Signals: With central banks hinting at a pause in rate hikes, investors are shifting to bonds and equities.
- Low Jewelry Demand: Post-wedding season and pre-festive lull have cooled retail demand, especially in South India.
- Profit Booking: After hitting near-record highs earlier this year, many investors are cashing out, adding pressure to prices.
🛍️ What This Means for You
- Jewelry Buyers: Now’s a great time to shop! Lower rates and reduced making charges could mean big savings — especially ahead of Dussehra and Diwali.
- Investors: Be cautious. While prices are down, market volatility is high. Long-term trends matter more than short-term dips.
🤔 Should You Buy Now?
Here’s what experts are saying:
- ✅ Yes — if you’re buying for personal use or gifting
- ⚠️ Caution — if you’re chasing short-term investment returns
- ⏳ Wait — if you expect prices to fall further before festive demand picks up
Keep an eye on global cues, currency movements, and local demand before making big decisions.
📌 Final Thoughts
Today’s drop in gold and silver prices is a wake-up call for buyers and investors alike. Whether you’re prepping for a wedding, buying a silver coin, or tracking bullion trends, staying informed is key.
👉 Want to make the most of this dip? Compare rates, negotiate making charges, and time your purchase smartly — because the precious metals market never stands still.