Archive · 31 Jan 2026
Gold and Silver Prices Drop Sharply
Gold and silver prices dropped a lot on January 30, 2026.
In Mumbai, 24-carat gold cost Rs 1,78,860 per 10 grams, and 22-carat gold was Rs 1,63,960 per 10 grams.
Silver was around Rs 3,80,000 per kg.
This happened because the dollar got stronger, and there was a lot of ups and downs in the market.
Even though prices fell, they had been going up a lot before this.
Experts think the prices will keep changing because of things like the Indian Union Budget and geopolitical tensions.
It's a good time for people who want to buy gold and silver.
Gold prices in India fell by nearly 3.5% and silver by about 5% from record levels due to a firmer dollar.
In Mumbai, 24-carat gold was priced at Rs 1,78,860 per 10 grams, and 22-carat gold at Rs 1,63,960 per 10 grams.
International gold spot prices dropped 3.9% to $5,183.21 per ounce, while silver spot prices fell 7.4% to $107 per ounce.
Gold and silver prices have risen significantly in January, with gold up 24% and silver up 58%.
Experts suggest that gold and silver prices will remain volatile due to factors like the Indian Union Budget and geopolitical tensions.
- Who
- Investors and traders in the global bullion market
- What
- Sharp decline in gold and silver prices due to market volatility and a stronger dollar
- When
- January 30, 2026
- Where
- Global markets, with specific rates mentioned for Mumbai and international spot prices
- Why
- Pressure from a firmer dollar, profit booking, and volatility in the US financial markets
- Gold (24k) in Mumbai
- Rs 1,78,860 per 10 grams
- Gold (22k) in Mumbai
- Rs 1,63,960 per 10 grams
- Silver in Mumbai
- Rs 3,80,000 per kg
- Gold (MCX April futures)
- ₹1,80,499 per 10 grams
- Silver (MCX March futures)
- ₹3,65,701 per kg
- International Gold Spot
- $5,183.21 per ounce
- International Silver Spot
- $107 per ounce
- Gold Monthly Gain
- 24%
- Silver Monthly Gain
- 58%
Sources
Gold slips on firmer dollar, but set for best month since 1980
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