Gold Price Big Drop: Good news gold rate down Rs 34,900
Gold Price Big Drop: According to Goodreturns, 24-carat gold (100 grams) has crashed by at least Rs 34,900 in the last 8 days (from June 23rd to June 30th, 2025), with 10 grams falling by Rs 3,490 in the same period. Gold Price Big Drop: Good news gold rate down Rs 34,900.
This decline is largely attributed to developments in the Middle East, specifically the agreement to a ceasefire between Israel and Iran, which typically reduces the demand for gold as a safe-haven asset.
Current Gold Rate (as of July 1, 2025):
24 Carat Gold (10 grams): Around Rs 97,020 to Rs 99,785 (Prices can vary slightly by city and source).
22 Carat Gold (10 grams): Around Rs 89,150 to Rs 91,470 (Prices can vary slightly by city and source).
Recent 8-Day Trend (Approximate figures for 24K, 100 grams):
June 23rd: Gold price was around Rs 1,006,900 per 100 grams (24K).
June 24th: Significant drop, down by Rs 14,700.
June 25th: Down by Rs 2,700.
June 26th: Unchanged.
June 27th: Down by Rs 9,300.
June 28th: Down by Rs 6,000.
June 29th: Unchanged.
June 30th: Down by Rs 1,600.
This shows a total decline of approximately Rs 34,900 for 100 grams of 24-carat gold over this 8-day period.
Experts suggest that the gold market will remain volatile in the near term, with upcoming US economic data (like Non-Farm Payrolls and Unemployment Rate) providing further direction. Gold is expected to trade within a range in the domestic market.
Also Read: NHAI hike Toll rate from today: Check latest rate list
