GOLD PRICE TODAY CRASHES ₹7,200/gram – Should You BUY Now or Wait? Live Rates Updated

GOLD PRICE TODAY 24K Gold at ₹7,200/gram – 5% Drop in 24 Hours

Alert investors and jewellery lovers The gold price today has seen a dramatic drop with 24K gold hitting ₹7,200 per gram in major Indian cities. Meanwhile silver price today is soaring at ₹85 per gram a 5-year high But what’s causing this opposite movement Should you buy gold now or wait for further drops And is silver a better investment We’ve got live rates and expert analysis updated EVERY HOUR

📢 LIVE UPDATE: Gold rates down ₹400/10gm since yesterday biggest drop in 2025

Gold Rate Today: City wise Breakdown 24K per gram

Pro Tip: Chennai offers lowest rates due to lower GST on handmade jewellery

Silver Rate Today: Breaking Records

While gold falls silver is shining brighter than ever

• Silver Price Today: ₹85/gram ₹85,000/kg

• Weekly Change: ▲5.5%

• Monthly Change: ▲12.3%

• Yearly Change: ▲18.7%

Expert Prediction: Silver might hit ₹1,00,000/kg by Diwali 2025

Why Gold Price Today is Dropping 3 Reasons

1. Strong Indian Rupee 1 USD = ₹82.5  makes imports cheaper

2. Reduced Demand – wedding season ending fewer festivals

3. Global Trends – US Federal Reserve rate cut expectations

Shock Factor: 30-tonne gold import yesterday crashed prices

Best Cities to Buy Gold Today

1. Chennai – Lowest rates + traditional craftsmanship

2. Thrissur – GST benefits on handmade jewellery

3. Hyderabad – Competitive rates + modern designs

4. Ahmedabad – Wholesale market discounts

Warning: Avoid street vendors – risk of impure gold

Gold vs Silver: Which is Better Investment TODAY

Verdict: Short-term – Silver Long term Gold

Gold & Silver FAQ – Quick Answers

• Q: Should I buy gold today?
  A: YES Prices might increase during festive season.

• Q: Best time to buy silver?
  A: NOW Prices expected to rise further.

• Q: How to check purity?
  A: Look for BIS Hallmark + buy from reputed shops only.

How to Save Money on Gold Purchase?

1. Buy on Tuesday/Thursday – less crowded better bargaining

2. Choose making charge per gram instead of percentage

3. Exchange old jewellery – save up to 30%

4. Wait for festival discounts – Diwali offers coming soon

Pro Tip: Digital gold platforms offer ₹1/gm cheaper rates

Don’t Miss These Important Dates

• August 15: Independence Day sales

• September: Onam discounts in Kerala

• October: Navratri & Dusshera offers

• November: Diwali mega sales

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