{"id":169017,"date":"2025-10-22T16:40:44","date_gmt":"2025-10-22T16:40:44","guid":{"rendered":"https:\/\/quixnet.net\/wpinstance\/gold-price-plunges-6-after-record-high-marks-biggest-one-day-sell-off-since-2013-hindustan-times-hindustan-times\/"},"modified":"2025-10-22T16:40:44","modified_gmt":"2025-10-22T16:40:44","slug":"gold-price-plunges-6-after-record-high-marks-biggest-one-day-sell-off-since-2013-hindustan-times-hindustan-times","status":"publish","type":"post","link":"https:\/\/quixnet.net\/wpinstance\/gold-price-plunges-6-after-record-high-marks-biggest-one-day-sell-off-since-2013-hindustan-times-hindustan-times\/","title":{"rendered":"Gold price plunges 6% after record high, marks biggest one-day sell-off since 2013 | Hindustan Times – Hindustan Times"},"content":{"rendered":"

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After weeks of steady gains, Gold\u2019s <\/a>record-breaking rally has finally cooled off. Prices <\/a>tumbled sharply on Tuesday, October <\/a>21, marking the biggest single-day sell-off in over a decade.
The gold price today rose modestly in early trade, recovering less than half a percent after the dramatic slide. At 1:46 a.m. ET Wednesday, spot gold was trading at $4,141.48 per troy ounce, up just 0.4%, per CNN.
Tuesday was another story. The metal dropped as much as 6.3% to $4,082.03 an ounce, just a day after touching an all-time high of $4,381.21. U.S. gold futures closed down 5.7% at $4,087.70 – the steepest fall since June 2013. Silver and platinum prices also followed the trend, sliding 6.7% and 7.2% respectively, according to Forbes. At 9:02 a.m. EDT, the gold rate today stood at $4,052.29 per ounce.
Analysts say the gold sell-off came after a historic rally that had pushed prices to overheated levels. In just two months, gold spot prices surged about 25%, lifted by fears around U.S. debt, inflation, and the possibility of further rate cuts from the Federal Reserve.
After such a strong run, it\u2019s no surprise investors wanted to take profits. During an interview with Kitco News, MarketGauge\u2019s Chief Marketing Strategist, Michele Schneider, stated that everyone is talking about gold now. \u201cI have to wonder if investors are piling in at the highs.\u201d
Optimism on the easing U.S.-China trade tensions also played a role. The gold rate today eased as investors awaited another round of talks between Washington and Beijing later this week. Both sides are preparing for a meeting between President Donald Trump and Chinese leader Xi Jinping next week.
\u201cI expect we\u2019ll probably work out a very fair deal with President Xi of China,\u201d Trump said on Monday. \u201cI think we\u2019re going to work out something that\u2019s good.\u201d
Also read: Gold price rallies to a record as US-China tariff war concerns boost safe-haven demand<\/a>
Market watchers, CNN reported, also noted that demand from India, the second-largest gold consumer in the world, usually dips after the Diwali festival, as physical buying is reduced. A stronger U.S. dollar also added more pressure, making gold costlier for overseas buyers. Despite the drop, gold remains up over 50% for the year, outperforming major asset classes.
Because investors took profits after a record rally, trade optimism boosted the dollar.
As of 9:02 a.m. EDT, gold was trading at $4,052.29 per ounce.
The last comparable decline happened in April 2013.
Global trade talks, interest rate expectations, and currency fluctuations.<\/p>\n

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Subscribe Now! Get features likeAfter weeks of steady gains, Gold\u2019s record-breaking rally has finally cooled off. Prices tumbled sharply on Tuesday, October 21, marking the biggest single-day sell-off in over a decade.The gold price today rose modestly in early trade, recovering less than half a percent after the dramatic slide. At 1:46 a.m. ET Wednesday, […]<\/p>\n","protected":false},"author":1,"featured_media":169018,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","footnotes":""},"categories":[10],"tags":[],"class_list":["post-169017","post","type-post","status-publish","format-standard","has-post-thumbnail","category-world","entry"],"_links":{"self":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/169017","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/comments?post=169017"}],"version-history":[{"count":0,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/posts\/169017\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media\/169018"}],"wp:attachment":[{"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/media?parent=169017"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/categories?post=169017"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/quixnet.net\/wpinstance\/wp-json\/wp\/v2\/tags?post=169017"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}