In an unprecedented market swing, gold prices tumbled by Rs 7,700 in just six minutes on Wednesday evening marking the steepest single-day fall of 2025. The sharp 6% decline on the Multi Commodity Exchange (MCX) sent shockwaves through investors and traders alike. Experts attribute the sudden slump to easing global tensions, low festive demand, and profit-booking by major investors.

From Record High to Sudden Low

Gold, which recently touched a lifetime high of Rs 1,32,294 per 10 grams last Friday, plunged to Rs 1,20,575 in the second half of Wednesday’s session. By market close, it settled at Rs 1,21,198, still down by over Rs 7,000. The precious metal is now nearly Rs 12,000 cheaper than its record high, signaling a dramatic reversal in momentum within a week.

Silver Follows the Same P

See Full Page