Gold and Silver Prices Today: Silver Crashes ₹65,000, Gold Falls

Gold and silver prices have witnessed massive fluctuations. No one can predict what's happening in the commodity market. Silver, which had surged by over ₹80,000 in four days, suddenly plummeted by more than ₹65,000. Within an hour, the price of silver fell from ₹4.20 lakh per kilogram to ₹3.55 lakh per kilogram. On the MCX, silver prices saw a sharp 6 percent decline, although it later recovered slightly to reach ₹3.75 lakh per kilogram.

Dramatic changes were observed in gold and silver prices on Thursday night. Around 8:30 PM, the price of silver dropped by ₹65,000. From its peak of ₹420,048, the price of silver fell by approximately ₹65,047. After crossing the ₹4 lakh mark, it settled at ₹355,001. However, after this rapid decline, silver recovered just as quickly. Around 10 PM, it once again approached the ₹4 lakh mark. While silver was fluctuating, gold was also experiencing volatility. Gold fell sharply by ₹22,971 to ₹157,808.

Gold and Silver Situation on January 30

On January 30, silver on the MCX fell by approximately 8 percent from its previous (January 29) record high, dropping below ₹44,000. Looking at silver's performance, it delivered a 62 percent return in a month. On the morning of January 30, 2026, silver prices on the MCX witnessed a sharp decline. At 9:07 AM, March expiry silver fell by approximately ₹19,951 to ₹3,79,942 per kilogram.

The price of silver fell as soon as the market opened. The commodity market is witnessing significant volatility. Not only silver, but gold prices also saw considerable fluctuations today. Spot gold prices have fallen. Amid profit-booking, the spot rate of gold fell by 0.5% to $5,342.70 per ounce. On MCX, gold prices witnessed a sharp decline of ₹7,000 at 9:15 AM on Friday. The rate for gold with February 5th delivery fell by ₹7,403 to ₹1,62,000 per 10 grams. The spot rate of gold fell by 0.9 percent to $5,346.42 per ounce.

What is the reason for the fall in gold and silver prices?

Gold and silver prices have fallen significantly due to profit-taking. Profit booking is the reason for this sudden drop in gold and silver prices. A technical breakdown is also considered a contributing factor. The strengthening of the dollar has also led to a decline in gold and silver prices. With the rise in the dollar index, investors have started withdrawing money from gold and investing it elsewhere, leading to a fall in gold and silver prices. As the demand for the dollar increased, money started flowing out of these metals, causing the decline.

Bullion Market Rates for Gold from 24 Carat to 18 Carat

According to the rate list released by the India Bullion and Jewellers Association on Friday, the prices of gold and silver are as follows:

24 Carat Gold Price: ₹175,340 per 10 grams
23 Carat Gold Price: ₹174,640 per 10 grams
22 Carat Gold Price: ₹160,610 per 10 grams
18 Carat Gold Price: ₹131,510 per 10 grams

1. Why did gold and silver prices suddenly fall?

Gold and silver prices fell due to profit booking, a technical breakdown, and a strengthening US dollar, which reduced investor demand for precious metals.

2. How much did the price of silver fall in one hour?

Silver prices plummeted by more than ₹65,000 per kilogram in just one hour, falling from approximately ₹4.20 lakh to ₹3.55 lakh.

3. What happened to gold prices during the market crash?

Gold prices also saw a sharp decline, falling by approximately ₹22,000. MCX gold fell by about ₹7,000 per 10 grams in early trading.

Read More: Gold Silver Price Today 12 January: Silver Hits ₹2.62 Lakh, Gold Above ₹1.40 Lakh