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Business & Stocks Google News Business (Hindi) • Oct 12, 2026

Gold Price Big Drop Today: Spot Gold Prices Plunge Rs 1,400 per 10 Grams Amid Softening US Dollar and Crude Oil Slump

💡 Key Takeaways

•Spot gold prices plunged by up to Rs 1,400 per 10 grams amid profit-booking.
•Silver prices experienced a sharp correction of up to Rs 2,000 per kilogram.
•Softening US dollar index and declining crude oil prices drove the correction.

NEW DELHI [NCRBuzz Wire] — ### Bullion Market Correction and Price Metrics

**Domestic bullion markets experienced a significant downward revision as spot gold prices dropped by Rs 1,400 per 10 grams, accompanied by a corresponding Rs 2,000 per kilogram fall in silver valuations.** Financial analysts attribute this correction to a softening US dollar index and falling international crude oil prices, which reduced safe-haven hedging demand among institutional investors.

### Commodity Market Breakdown

**Market participants observed that 24-karat gold futures faced aggressive profit-booking after scaling near-record valuations earlier in the fiscal cycle.** According to data compiled from multi-commodity trading desks and advisory firms like Kedia Advisory, the downward momentum in energy commodities directly influenced broader macroeconomic sentiment across domestic precious metal exchanges.

| Commodity Metric | Price Correction / Movement | Market Impact |

|---|---|---|

| 24-Karat Gold | Down by Rs 1,005 to Rs 1,400 per 10 grams | Profit-booking lowers immediate entry barrier for retail buyers |

| Silver | Down by Rs 235 to Rs 2,000 per kilogram | Industrial demand softens alongside precious metal correction |

| Crude Oil & US Dollar | Softening trend globally | Reduced safe-haven appeal triggers capital outflow from bullion |

### Strategic Outlook for Investors

**Retail investors are actively evaluating whether this sharp price correction presents a viable accumulation window or signals deeper structural downside in the near term.** Experts advise tracking macroeconomic indicators, including upcoming US Federal Reserve interest rate projections and domestic retail demand trends, before committing fresh capital to bullion holdings.

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🏛️ Background Context

Precious metal prices in India are highly sensitive to international macroeconomic shifts, including US Federal Reserve rate announcements, geopolitical tensions, currency fluctuations in the USD/INR pair, and domestic retail seasonal demand.

💡 Citizen & Commuter Quick Explainer (FAQ)

Q1: What caused the sudden drop in gold and silver prices today?

The drop was triggered by profit-booking at higher levels, a softening US dollar index, and declining international crude oil prices.

Q2: How much have gold and silver prices fallen in the latest session?

Spot gold prices fell by up to Rs 1,400 per 10 grams for 24-karat variants, while silver prices dropped by up to Rs 2,000 per kilogram.

Q3: Is this a good time for retail investors to buy gold?

Analysts note that the correction lowers immediate entry barriers, but investors should monitor global macroeconomic trends before buying.

Verified Wires: Google News Business (Hindi), AajTak, News18 Hindi, Dainik Bhaskar, Investing.com India, Jagran Original Wire Dispatch ↗

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