Gold Prices Fall Twice on the Last Day of the Year, Bringing Relief to Buyers
On the last day of the year, gold prices witnessed a rare trend by declining twice in a single day, offering much-needed relief to consumers after weeks of continuous price hikes.
Over the past month, gold and silver prices had been rising sharply, touching new highs almost every day. Notably, on December 28, the price of one sovereign of gold reached a record high of ₹1,04,800, creating concern among buyers. Many were hoping for at least a marginal correction in prices.
That expectation came true yesterday, when gold prices fell sharply. As per yesterday’s rates, the price of gold dropped by ₹420 per gram and ₹3,360 per sovereign, bringing the price down to ₹12,600 per gram and ₹1,00,800 per sovereign. This sudden fall brought cheer to housewives and the general public.
The downward trend continued today. In the morning trade in Chennai, the price of 22-carat gold fell by ₹50 per gram, selling at ₹12,550 per gram, while the price of one sovereign dropped by ₹400, settling at ₹1,00,400.
Gold prices declined once again in the evening trade. The rate fell by a further ₹560 per sovereign, resulting in a total drop of ₹960 per sovereign in a single day. With this, the price of one sovereign of 22-carat gold is now ₹99,840, slipping below the ₹1 lakh mark.
Gold Price Trend – Last Five Days (22-carat, One Sovereign)
30-12-2025: ₹1,00,800
29-12-2025: ₹1,04,160
28-12-2025: ₹1,04,800
27-12-2025: ₹1,04,800
26-12-2025: ₹1,03,120
Market observers say the sudden correction is due to fluctuations in international markets and year-end profit booking. Buyers are closely watching the trend, as further price movements are expected in the coming days.
