Gold Price Today: Analyst Predicts Major Drop in Gold Prices in Coming Years
According to a report by ET, gold prices may drop by up to 38% in the coming years. John Mills, an analyst at American financial services firm Morningstar, expects this significant decline.
He believes gold could fall to around ₹55,000 per 10 grams. Gold has seen a strong rally in the last few years. In 2024, it gave more than 30% returns, and in 2025 so far, it has increased by 20%. Investors have taken advantage of this uptrend.
However, in the last week, prices have started to fall slightly. On April 10, even though prices rose slightly during the day, there was a sharp increase by evening. For example:
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On April 9 at 6 AM: 1 tola gold was ₹89,720
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On April 10 at 6 AM: it reached ₹90,450
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That’s an increase of over ₹700
Current Gold Rates in Major Cities (10 grams):
| City | 22K Gold | 24K Gold |
|---|---|---|
| Delhi | ₹83,060 | ₹90,600 |
| Chennai | ₹82,910 | ₹90,450 |
| Mumbai | ₹82,910 | ₹90,450 |
| Hyderabad | ₹82,910 | ₹90,450 |
| Vijayawada | ₹82,910 | ₹90,450 |
| Bengaluru | ₹82,910 | ₹90,450 |
Silver Price Update:
Silver is also following gold’s trend and has slightly decreased.
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Current silver price per kg: ₹92,900
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Previous day’s price: ₹93,900
John Mills suggests that if gold drops by 38–40%, gold rates in India could fall to around ₹55,000 per 10 grams.
