Gold Prices Dip Below $4,000: Market Insights and Expert Opinions

Gold prices have recently dipped below the significant $4,000 mark for the first time since November, reflecting a decline of over 20% from January's peak. Silver has also seen losses, dropping below $60 an ounce. In India, the price of 24-carat gold is reported at Rs 1,48,100 per 10 grams. Experts attribute this downturn to profit booking in technology stocks and a stronger US dollar, leading investors to liquidate assets like gold. This article explores the current market trends and expert insights on the future of gold and silver prices.

By Narendra Chaudhary Jun 25, 2026, 14:07 IST

Gold Prices Experience Significant Decline

Gold prices have dropped beneath the crucial threshold of $4,000 per ounce for the first time since November, decreasing by as much as 0.9% to approximately $3,964 an ounce, following a nearly 3% decline in the previous trading session. This recent downturn has seen gold prices fall over 20% from their record high in January. Silver has also continued its downward trend, falling below $60 an ounce.

In the Indian market, the gold rate faced pressure as the All India Sarafa Association reported that the price of 24-carat gold was Rs 1,48,100 per 10 grams (including taxes) before the market opened on Thursday. Additionally, gold futures on the Multi Commodity Exchange (MCX) fell by Rs 170, or 0.12%, to Rs 1,41,100 per 10 grams during morning trading. In the June quarter, gold has experienced a nearly 12% decline, marking its steepest drop since December 2016, while silver has decreased by 17.6%, its largest fall since June 2022.

Gold, which reached an all-time high of $5,417 an ounce, has since seen a 24% decrease, while silver, which peaked at $117 an ounce on January 28, has fallen approximately 47%.

Expert Analysis on Current Market Trends

What Experts Say?

According to Jateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, gold remains under pressure, having fallen another Rs 2,000 to Rs 144,600, while COMEX Gold has decreased to around $4,068, down nearly 1.3%. This weakness is attributed to a broader liquidity event caused by significant profit booking and sell-offs in AI and technology stocks.

As investors incur losses in equities, many are liquidating assets like gold to generate cash, meet margin calls, and reduce leverage. Concurrently, there is a flow of capital into the US dollar, with the stronger dollar exerting additional pressure on bullion prices. This is a rare situation where both equities and gold are declining simultaneously, as investors are selling what they can rather than what they prefer. Technically, gold is anticipated to trade within the Rs 142,500–146,000 range, with a generally weak bias and potential rallies likely to attract selling pressure.