Gold Silver Price Crash Today: Gold and silver prices recently touched historic highs after a sharp rally over the past few days. Gold crossed the ₹1.50 lakh mark, while silver was trading above ₹3.30 lakh. However, prices witnessed a sudden fall today, with market experts linking the decline to developments associated with former US President Donald Trump.
On the MCX, silver prices dropped by as much as ₹20,000 per kilogram, while gold became cheaper by nearly ₹4,000 per 10 grams. The recent surge in precious metal prices was driven by global tensions and political developments, including Trump-related actions, which had pushed investors toward safe-haven assets. Now, easing concerns have triggered profit booking, leading to a sharp correction.
Gold Silver Price Crash Today
The price of silver is rising rapidly in the bullion market. A bumper jump of 10 to 15 thousand rupees was being recorded in the prices, but today as soon as the market opened, the price of silver has crashed and at the beginning of trading on the Multi Commodity Exchange, the price of silver fell to Rs 3,05,753, due to which a decline of about 20 thousand rupees has been recorded today. Let us tell you that yesterday, silver had closed at a high of Rs 3,25,602 per kilogram on MCX, but today the price of silver has crashed.
Gold Silver Price Crash
Along with silver, gold prices are also at elevated levels, with 24-carat gold crossing ₹1.50 lakh per 10 grams. However, as soon as the market opened today, gold prices witnessed a decline of around ₹4,000, slipping to ₹1,48,777 per 10 grams. Notably, gold had closed at ₹1,52,862 per 10 grams on the Multi Commodity Exchange (MCX) in the previous session.
Also Read: Gold Silver Price Jan 22: Gold hits ₹2 Lakh, Silver nears ₹3.50 Lakh as prices surge today
