​​​​​​​Delhi, Oct 22: With a golden opportunity for the gold lovers, the yellow metal prices drastically sloped down all of a sudden on Wednesday evening i.e after almost 24-hour to the Diwali market.

The world gold market witnessed at least 6% low in the gold prices within just 6 minutes, marking a first time sizeable low.

Thus, gold prices tumbled by Rs 7,700 in just six minutes on Wednesday evening marking the steepest single-day fall in fiscal 2025.

Though the precise reason behind the sharp drop is wet to be ascertained, experts and business leaders attribute it to low festive demand for the unaffordable prices of the precious metal, for the mediocres.

Gold, which recently touched the peak selling at of Rs 1,32,294 per 10 grams last Friday, now reached at Rs 1,20,575 in the second half of Wednesday’s session.

By market close, it settled at Rs 1,21,198, still down by over Rs 7,000. Thus, the precious metal is now nearly Rs 12,000 cheaper for the customers.