Gold Drops ₹700/gram: Is Your SGB Portfolio Hit?

Gold prices fell sharply on Indian exchanges as the US dollar strengthened and global rate fears returned. If you hold gold jewellery, ETFs, or SGBs, here is what this dip means for you and whether to buy or wait.

Here's what happened: Gold prices on MCX dropped over ₹700 per gram as a stronger US dollar made bullion expensive for global buyers.. Silver fell nearly 4% in the same session — a steeper slide than gold — hitting investors holding silver ETFs or coins.. Rising US Treasury yields reduced gold's appeal as a safe-haven asset, triggering sell-offs across Comex and MCX..

What you should do: Check your gold ETF or SGB holding value today on your broker app — mark it against your purchase price to see real loss/gain.. Avoid panic-selling physical gold or SGBs during short-term dips; gold's 5-year return in rupee terms still beats most FDs.. If you planned to buy gold for a wedding or festival, compare today's MCX rate with your jeweller's quote — dips are buying opportunities..

Sovereign Gold Bonds (SGBs) pay 2.5% annual interest ON TOP of price gains — physical gold and jewellery give you zero such yield while you wait for prices to recover.