Soaring Gold/Silver Prices Hit Buyers Hard; Bullion Market Dips 50%

Udaipur, Sept 11, 2025 - The bullion market is facing a downturn because of the continuously rising prices of gold and silver along with the impact of the Shraadh period (a time when auspicious purchases are avoided). With purchases of gold and silver dropping by up to 50%, in Udaipur alone some 700 small and large bullion traders are waiting for the slump to be over. They expect a bounce-back during the Navratri festival, depending also on global economic shifts.

Ongoing global instability and the US government's policies over the past six months have significantly influenced the prices of precious metals. With prices continuously climbing, investors have started withdrawing. Over the last three months, prices reached record-breaking levels and as a result, buyers have virtually disappeared.

An upward trend could resume on two possible scenarios: if US trade and diplomatic ties with India improve, gold and silver prices may come down. Or if the GST Council provides relief and the government reduces Customs Duty and GST on gold and silver, prices could see significant correction.

Gold prices are rising by Rs 1,000 per day, and silver prices have increased by Rs 50,000 in the past six months. A year ago, gold and silver prices hovered around Rs 80,000, but today, both precious metals have crossed Rs 1.25 lakh.

Then vs Now – A Snapshot

• One Year Ago:
  • 700 kg of silver sold daily
  • 25 kg of gold sold daily
• Now:
  • Only 50 kg of silver sold daily
  • Only 2 kg of gold sold daily

Source: Media Reports

#GoldPrices #SilverRates #BullionMarket #UdaipurNews #JewellerySales #ShraddhaSeason #GoldDip #SilverDip #MarketSlowdown #FestiveSeasonHope #NavratriBoost #GlobalImpact