Gold prices drops in largest single day sell off in over a decade

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  Gold prices drops in largest single day sell off in over a decade

Gold experienced its most severe single-day decline since April 2013 on Tuesday, October 21, 2025, as the precious metal\“s spectacular rally abruptly ended with prices plunging over 5%.  

The dramatic sell-off followed weeks of unprecedented gains that had pushed gold to all-time highs, with spot prices dropping from Monday\“s record $4,381.21 to $4,082.03 per troy ounce during the trading session. Advertisement

The precious metal\“s steep descent marked the conclusion of a historic surge that had seen gold prices increase more than 50% throughout 2025, outperforming previous volatile periods including the post-9/11 era, 2008 financial crisis and COVID-19 pandemic.  

Analysts attributed the rapid decline to profit-taking by investors after the metal reached overheated valuation levels following a 25% price increase during just the past two months.

Market observers noted the sell-off reflected natural market correction rather than fundamental shift in gold\“s safe-haven status.  

The metal regained modest ground Wednesday, October 22, 2025 with prices climbing less than 0.4% to $4,141.48, though remaining substantially below recent peaks.  

Silver and platinum joined the downward trend with respective 7% and 5% declines during the same trading period that saw US gold futures settle 5.7% lower.

The remarkable 2025 rally had been fueled by mounting US government debt concerns, global political uncertainty and expectations of additional Federal Reserve interest rate reductions.  

The sharp reversal represented the most significant percentage decline since gold\“s April 2013 downturn, though market analysts suggested the long-term bullish outlook for precious metals remained intact despite the substantial profit-taking activity.