Rs 5.24 Lakh Cr Wiped Out In 1 Day Due to Gold, Silver Crash!

It is already known that essential commodities like gold and silver have been experiencing elevated prices, almost every single week. Now, gold and silver have been trending at all time high prices globally due to the prevailing situation, but something interesting has happened in connection with the same now.

Global precious metal markets witnessed extreme turbulence after a sharp correction erased trillions of dollars in value, triggering widespread concern across the United States and global markets.

After touching record highs, gold prices suddenly fell by nearly 8 percent in a single trading session, leading to an estimated 5.7 trillion dollars being wiped out from global gold market valuations within minutes. Silver saw an even steeper fall of around 12 percent, with close to 750 billion dollars in market value erased as panic selling set in.

This roughly converts to the fact that the crash and gold and silver prices has wiped away over 5.23 lakh crore rupees from the global markets.

The sell off was largely driven by aggressive profit booking after an extended rally fueled by speculative buying and safe haven demand. A stronger US dollar, rising bond yields and expectations of tighter monetary conditions reduced investor appetite for non yielding assets like gold and silver. Thin liquidity in silver markets amplified the fall, making the correction sharper and faster.

Globally, uncertainty around interest rates and slowing growth initially pushed metals higher, but once prices became unsustainably expensive, large investors rushed to exit. The combined volatility across gold, silver and related assets caused nearly 9 trillion dollars in value to swing during the session, highlighting the scale of the shock.

From an Indian perspective, the crash reflected immediately on domestic markets, with sharp intraday swings on the commodity exchanges. Elevated prices continue to pressure India’s import bill and the rupee, reviving discussions around import duty adjustments. Jewellery demand has softened, while investment demand remains resilient despite the volatility.