Gold Price Drop Today: After rising sharply for the past three days and coming close to touching Rs 1 lakh per 10 grams of 24 Karat again, gold prices in India dropped massively today. This fall came after a strong rally driven by rising tensions between India and Pakistan following Operation Sindoor. Across the country, the price of 24 karat gold has come down to Rs 9,835 per gram, down by Rs 125. The rates for 22 karat and 18 karat gold are now Rs 9,015 and Rs 7,376 per gram, respectively.
22-Karat Gold Rate Today in India
The price of 22 karat gold per gram in India today is Rs 9,015, marking a decrease of Rs 115 from yesterday’s price of Rs 9,130. For those looking to buy 8 grams of 22 carat gold, the cost today is Rs 72,120, down by Rs 920 compared to yesterday’s Rs 73,040. For 10-grams of 22 Karat gold is priced at Rs 90,150 today, a drop of Rs 1,150 from Rs 91,300 Thursday. Meanwhile the price of 22K gold per 100 grams is Rs 9,01,500, which is Rs 11,500 lower than Rs 9,13,000 on May 8.
24-Karat Gold Rate Today in India
The price of 24 Karat gold per gram in India today is Rs 9,835, marking a decrease of Rs 125 from previous day’s rate of Rs 9,960. 8 grams of 24 Karat gold is pricing at Rs 78,680, down by Rs 1,000 from Thursday’s price of Rs 79,680. 10 gram for 24 Karat gold is amounting to Rs 98,350, reflecting a drop of Rs 1,250 compared to yesterday’s price of Rs 99,600. The yellow metal price for 100 grams today is Rs 9,83,500, which is Rs 12,500 less than the Rs 9,96,000 rate seen yesterday.
18-Karat Gold Rate Today in India
On May 9, the price of 18 karat gold for one gram is Rs 7,376, reflecting a drop of Rs 94 from yesterday’s price of Rs 7,470. For 8 grams, the cost has reduced to Rs 59,008, down by Rs 752 from the previous day’s price of Rs 59,760. For 10 grams, the price stands at Rs 73,760, which is Rs 940 less than Thursday’s price of Rs 74,700. When looking at a larger quantity, 100 grams of 18 Karat gold is priced at Rs 7,37,600, marking a decrease of Rs 9,400 from the previous price of Rs 7,47,000 on May 8.
Recent Trends in Indian Retail Gold Market
Over the week from May 5, gold prices in India have fluctuated due to escalating India-Pakistan tensions. On May 9, 2025, gold prices dropped, with 22K falling by Rs 115 and 24K by Rs 125. Prior to this, prices had seen slight increases, with 22K rising by Rs 55 and 24K by Rs 60 on May 8, and Rs 50 and Rs 54 increases for 22K and 24K on May 7, respectively. The surge on May 6, 2025, saw a significant rise of Rs 250 for 22K and Rs 273 for 24K, as investors sought gold as a safe haven amidst the ongoing geopolitical uncertainty. (Source Goodreturns.in)