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Gold Price Drop: Massive Fall in Gold Rates During Festive Season
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News18•12-10-2026, 12:52
Gold Price Drop: Massive Fall in Gold Rates During Festive Season
- •Gold prices have seen a significant drop across major cities despite the onset of the festive and wedding season.
- •The price of 22-carat gold decreased by Rs. 320 per 10 grams, bringing the rate to Rs. 1,10,720.
- •The price of 18-carat gold dropped by Rs. 240 per 10 grams, now selling at Rs. 90,960.
- •Silver prices remained unchanged, holding steady at Rs. 245 per gram and Rs. 2,45,000 per kilogram.
- •According to Baba Vanga's predictions, global economic crisis in 2027 could push gold prices significantly higher.
Key Questions Answered
Following a recent price drop at the start of the week, 22-carat gold decreased by Rs. 40 per gram to reach Rs. 13,840, and Rs. 310 for 10 grams to reach Rs. 110,720. Meanwhile, 18-carat gold dropped by Rs. 30 per gram to sell at Rs. 11,370, and dropped by Rs. 240 per 10 grams to sell at Rs. 90,960.
While gold prices saw a decrease during the start of the week, the price of silver remained completely unchanged at Rs. 245 per gram and Rs. 2,45,000 per kilogram.
Bulgarian mystic Baba Vanga predicted a global economic crisis or cash crunch in 2027, which is expected to drive gold prices up by 25% to 40%. Her prediction suggests that gold rates in India could climb to between ₹2.62 lakh and ₹2.82 lakh per 10 grams.
