Overnight ‘Mega-Destruction’ in Gold Prices! $3 Trillion Vanish in Just 60 Minutes, Investors Panic

Gold Price Crash: For investors across the world, Thursday night proved to be nothing short of a massive shock. In the international market, gold prices witnessed such a sudden and sharp fall that within just 60 minutes, nearly $3 trillion—approximately ₹276 lakh crore—was wiped out from the market in one stroke. This incident has caused severe turmoil in the gold and silver markets, prompting investors to question whether this crash was a natural market correction or the result of a larger, more deliberate game.

What happened at 8:14 PM?

According to available information, around 8:14 PM on Thursday night, gold was trading at approximately $5,222 per ounce in the international market. However, exactly one hour later, at 9:14 PM, prices plunged sharply to nearly $5,108 per ounce. This translates into a fall of nearly 8% within just 60 minutes—a movement far from ordinary.

The impact was clearly visible in India as well, where gold futures were trading around ₹1,67,000 per 10 grams at that time. Investors described this crash as one of the biggest liquidity swings ever witnessed in the precious metals market.

How did such a massive loss occur?

Experts believe that multiple global factors became active simultaneously behind this sudden fall. The most significant among them is considered to be the continuously rising tension in the Middle East. The possibility of a war between Iran and the United States had already increased uncertainty in the markets. Traditionally, during times of war or global crisis, investors move away from equities and risky assets and rush toward gold as a safe haven. However, this time, after a strong rally, sudden heavy selling delivered a powerful shock to the market.

Pressure from the Federal Reserve and the Dollar

Another major factor fueling volatility is speculation surrounding US monetary policy. Markets are anticipating a potential major shift within the US Federal Reserve, particularly regarding interest rate decisions. If aggressive interest rate cuts are announced, the US dollar could weaken, further increasing instability in gold prices.

Was this manipulation?

Many investors are not willing to dismiss this crash as mere profit-booking. Questions are being raised about whether such a steep fall can be explained only by profit-taking. According to experts, markets like silver, platinum, and palladium are relatively smaller in size, so when large amounts of capital exit suddenly, prices can collapse rapidly. That said, some analysts argue that this fall is nothing more than a normal correction after record highs.

Has this happened before in history?

Gold’s history has always been marked by sharp ups and downs. During the 1970s and 1980s, gold witnessed massive rallies. In the 2008 global financial crisis, when trust in the banking system weakened, gold once again surged to record levels. However, a decline of this magnitude within a single hour is rarely seen in historical records.

Why is demand for physical gold rising?

Experts point out that gold is no longer just an investment asset—it has become a form of insurance against systemic risk. Major global banks and institutional investors are increasingly shifting toward hard assets.

According to the World Gold Council, the countries holding the largest gold reserves are:

• United States – 8,133 tonnes

• Germany – 3,351 tonnes

• Italy – 2,452 tonnes

• France – 2,437 tonnes

• Russia – 2,333 tonnes

• China – 2,264 tonnes

• India – More than 800 tonnes

What lies ahead?

Major financial institutions such as JP Morgan are predicting that gold prices could reach $8,000 per ounce in the coming period. Meanwhile, UBS and Nomura believe that the next 30 to 60 days will be extremely critical, as they will determine whether this fall was merely a temporary correction or an early warning sign of a larger global recession.

Advice for investors

Experts advise investors to avoid making hasty decisions when investing in gold and silver. Market volatility may remain extremely high in the near term. In such conditions, careful, well-considered investment decisions are being viewed as the wiser approach.

The biggest question now remains—

Is this crash a warning signal, or are gold prices preparing to scale new historic highs once again?