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Sudden Gold Price Crash: Rs 35,000 Drop in Gold Rates
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Gold, Silver Prices Plummet: Up to Rs 35,000 Drop Sparks Festival Buying Frenzy
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News18
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22-03-2026, 07:10
Gold, Silver Prices Plummet: Up to Rs 35,000 Drop Sparks Festival Buying Frenzy
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Gold and silver prices have seen a significant fall, bringing joy to buyers ahead of festivals like Ugadi and Ramadan.
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24-carat gold dropped by Rs. 13,690 per 10 grams in one week (March 15-22), while 22-carat gold fell by Rs. 12,550.
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Silver prices crashed by up to Rs. 35,000 in the last week, with one kilogram falling from Rs. 4 lakhs to Rs. 2,45,000.
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Global market developments, including the US Fed's hawkish stance and a stronger dollar, are key reasons for the gold price drop.
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Decreased industrial demand for silver and large investors selling gold due to Middle East tensions also contributed to the price fall.
Read Full Article on News18 in Telugu
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