Gold prices down 22%; is it time to revisit your gold allocation? Industry experts believe the weakening of gold prices may be short-lived. A weakening dollar, growing inflationary pressure, debt accumulation and monetary expansion are all drivers for positive gold price Gold prices in India have fallen relatively more Gold prices have fallen to almost 11-month low to Rs 44,600 per 10 gramme. From the highs of Rs 57,000 per 10 gramme in August last year, the yellow metal price has come down by 22 per cent or Rs 12,400 per 10 gramme. Gold prices have eased due to an improving global economic outlook. US and global bond yields have continued to rise. Better than expected jobs data led the benchmark US 10-year bond yield to soar as high as 1.62 per cent last week, the highest in 12 months.