Sat Apr 05 01:30:00 UTC 2025: ## Gold Prices Plunge in Delhi’s Sarrafa Bazaar

**NEW DELHI, April 4, 2025** – Gold prices in India experienced a sharp decline today, ending a five-day rally. In Delhi’s Sarrafa Bazaar, gold fell by ₹1,350 to ₹93,000 per 10 grams, a significant drop from Thursday’s record high of ₹94,350. This marks the largest single-day fall in recent times. 24-karat gold also saw a similar decrease, dropping to ₹92,550 per 10 grams.

Silver prices also plummeted, falling ₹5,000 to ₹95,500 per kilogram – its lowest point in four months. This substantial drop follows a closing price of ₹1,00,500 per kilogram in the previous trading session.

The All India Sarafa Association attributed the fall to weakening international trends. Globally, spot gold dropped $21.74 (0.70%) to $3,093.60 per ounce, while silver fell 1.69% to $31.32 per ounce in Asian markets.

Chintan Mehta, CEO of Abans Financial Services, linked the decline to decreased demand for safe haven assets following US President Donald Trump’s imposition of tariffs on several countries. Experts believe that investor focus on global trade and its economic impact has weakened market sentiment.

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