Gold-Silver price tumble due to profit booking
The gold and silver markets are down today, January 30th. During morning trading, silver on the MCX fell by ₹67,000 (17%) due to profit booking. The price of 1 kg of silver dropped to ₹3.32 lakh. However, it has recovered slightly and is now trading at ₹3.51 lakh, a 12% decline.
Gold on the MCX also saw a drop of ₹15,000 (9%) during morning trading. 10 grams of gold fell to ₹1.54 lakh. Gold has since recovered somewhat and is now trading at ₹1.64 lakh, a 3% decline. Gold and silver ETFs also saw declines of up to 23% today.
Meanwhile, in the bullion market, silver is ₹40,638 cheaper and gold is ₹9,545 cheaper. According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver has fallen to ₹3,39,350. The price of 10 grams of 24-karat gold has come down to ₹1,65,795.
Gold and silver have become significantly more expensive in the last 29 days.
In the 29 days of January this year, gold has become ₹35,280 more expensive. On December 31, 2025, 10 grams of 24-karat gold was priced at ₹1,33,195, which has now increased to ₹1,68,475.
Similarly, silver has become ₹1,26,743 more expensive. On December 31, 2025, the price of one kilogram of silver was ₹2,30,420, which has now reached ₹3,57,163 per kilogram.
