These days, tremendous fluctuations are being seen in the prices of gold, from the Indian bullion market to the international market. After touching record high some time ago, now there seems to be huge pressure on gold prices. Meanwhile, a big question is floating fast in the social media and market discussions, will the price of gold fall to around ₹ 1 lakh for 10 grams in the coming days?
If we look at the current figures, this level is still quite low. On September 25, 2026, the average retail price of 24 carat gold in India was recorded at around ₹ 15,284 per gram i.e. ₹ 1,52,840 per 10 grams. Whereas the price of 22 carat gold was around ₹ 14,010 per gram i.e. ₹ 1,40,100 per 10 grams. In the capital Delhi, the price of 24 carat gold was around ₹ 1,52,990 per 10 grams. In such a situation, if gold really comes at ₹ 1 lakh per 10 grams, then there will be a huge decline of about ₹ 52,800 i.e. about 34 percent from the current price. Let us know what is the whole truth behind this claim.
What was the market price of gold on September 25?
According to the latest market data of September 25, 2026, the price of 24 carat gold in the country was around ₹15,284 per gram, while 22 carat gold was trading at around ₹14,010 per gram and 18 carat gold was trading at ₹11,463 per gram. There is a slight difference in prices in different cities of the country depending on local tax, VAT and jewelers' own prices.
In Delhi and Bengaluru, the price of 24 carat gold was recorded around ₹ 1,52,820 per 10 grams. However, a day earlier in Bengaluru, the same gold was ₹ 1,54,360 per 10 grams, i.e. a fall of about ₹ 1,540 was seen in a single day. These figures clearly show that there is a lot of turmoil in the market at this time.
Strong movement seen on MCX also
To understand the trend of gold, the prices of Multi Commodity Exchange i.e. MCX are considered very important. On September 25, the price of gold on MCX was hovering around ₹ 1,54,263 per 10 grams and a rise was also seen in the futures. On the other hand, some market analysts believe that after the recent sharp fall, gold is now trying to stabilize itself.
According to reports, MCX Gold October futures were trading around ₹1,50,800 and the market was showing signs of stability after the correction. This simply means that there is no one-sided trend in the market at this time, rather the prices are moving up and down based on global signals.
After all, where did the talk of gold falling to ₹ 1 lakh arise?
There are speculations in social media and certain market discussions that gold may fall to ₹1 lakh per 10 grams. But there is no definite confirmation of this level of ₹1 lakh in any of the existing official market reports. If 24 carat gold falls from ₹ 1,52,840 to ₹ 1 lakh, then for this many big reasons will have to arise simultaneously like wildly strong US dollar, higher than expected increase in interest rates, huge decline in demand for gold as a safe saver and rapid selling by investors. At present only some of these factors are partially present, so it would not be right to accept this as a firm conclusion.
Impact of US interest rates and dollar on gold
America's monetary policies have a direct and deep impact on the movement of gold. When interest rates remain high there, the attraction of investors towards this safe asset that does not pay interest reduces slightly. Due to the policies of the Federal Reserve, the dollar has strengthened and due to this there is constant pressure on gold. Apart from this, the price of gold in India is not only decided by the international market, but the exchange rate of rupee and dollar also plays a big role. If the rupee also weakens or strengthens along with falling prices in the international market, then its mixed effect on domestic prices is clearly visible.
Is a big gold crash really coming?
In the month of September, there has been a correction of about 4 to 5 percent in the prices of gold as compared to August and the prices in the Indian market have come down to about ₹ 8,000. But it would be too early to directly call it a huge 'Gold Crash'. Those looking to purchase for weddings or festivals should note that purchasing jewelery incurs a separate cost on the final bill after adding 22 carat purity, making charges and GST.
Considering the currently available data and the current market situation, the figure of ₹ 1 lakh per 10 grams does not seem to be a firm prediction but only a possible hypothetical scenario. Investors and buyers should take any financial decision keeping in mind the global economic signals, dollar index and expert advice instead of being misled by any viral claim or rumor.