Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold rate in India witnessed a major crash in the latest trading session, falling sharply across all Karats following the United States (US) Federal Reserve's decision to keep interest rates unchanged. The market reaction was compounded by festival-season selling during Chaitra Navratri, Ugadi, Gudi Padwa, and Eid, with investors offloading precious metals amid heightened global uncertainty.

Huge Crash in Gold Rate By Rs 71,400 In A Single Day

Over two consecutive trading sessions, 24 Karat (24K) gold experienced a total fall of Rs 78,000 per 100 grams, while 22 Karat (22K) gold declined by Rs 71,500 per 100 grams. Over the period 24K gold fell from Rs 15,742 to Rs 15,028 per gram, marking a total decline of Rs 714. Similarly, 22K gold dropped from Rs 14,430 to Rs 13,775 per gram, a total fall of Rs 655.

Gold Rate in India: Check Latest 22K, 24K & 18K Gold Prices Per Grams

24 Karat Gold Rate Today in India

24K Gold saw the steepest fall, with prices dropping by Rs 714 per gram, from Rs 15,742 yesterday to Rs 15,028 per gram today. For bulk quantities, 8 grams fell from Rs 1,25,936 to Rs 1,20,224, a decline of Rs 5,712, while 10 grams dropped by Rs 7,140 to Rs 1,50,280. The 100-gram rate plunged by Rs 71,400, settling at Rs 15,02,800.

22 Karat Gold Rate Today in India

Similarly, 22K Gold experienced significant losses. The per-gram price fell from Rs 14,430 to Rs 13,775, a decline of Rs 655. For 8 grams, the price dropped by Rs 5,240 to Rs 1,10,200, while 10 grams decreased by Rs 6,550 to Rs 1,37,750. The 100-gram price tumbled by Rs 65,500 to Rs 13,77,500.

18 Karat Gold Rate Today in India

Even 18K Gold was not spared, with rates slipping from Rs 11,807 to Rs 11,271 per gram, down Rs 536. In bulk, 8 grams fell by Rs 4,288 to Rs 90,168, 10 grams dropped Rs 5,360 to Rs 1,12,710, and 100 grams tumbled by Rs 53,600 to Rs 11,27,100.

Spot Gold Price Fell At Lowest Since January

The crash comes as gold prices in global markets also plunged, falling over 5% to $4,560 per ounce, marking a seventh consecutive session of decline and the lowest level since early January. Analysts attribute this sharp correction to investors recalibrating expectations after the Fed's announcement, persistent inflation risks, and surging energy prices amid escalating tensions in Iran.

"Gold prices breach $4700 on comex as Fed held interest rates steady at 3.50%-3.75% and signaled uncertainty over the inflationary and economic impact of rising oil prices," said Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

The US Federal Reserve held rates steady, citing uncertainty in global markets and potential economic fallout from the Iran conflict. While no rate cuts are planned until inflation shows clear signs of easing, Fed Chair Jerome Powell noted that further rate hikes remain possible, although unlikely for the near term.

MCX Gold Rates Down

The combination of domestic festival selling and global market pressures has created a rare one-day crash, sending gold and silver to multi-week lows on MCX.

"The Federal Reserve decision to maintain rates at 3.5 to 3.75% reveals a committee grappling with a geopolitical shock and persistent inflation. While the median dot plot still indicates one rate cut for 2026, the underlying sentiment has moved hawkishly," said Justin Khoo, Senior Market Analyst - APAC, VT Markets.

Gold Rate Prediction: Will Gold Slip Below Rs 1,50,000?

"Gold remains technically weak, with resistance now shifting lower towards Rs 1,50,000, while key support is seen in the Rs 1,44,000- Rs1,42,000 zone. The overall short-term trend remains weak to volatile, and price action will continue to react sharply to developments in interest rate expectations and geopolitical cues," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

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