{"id":20399,"date":"2026-01-30T12:40:59","date_gmt":"2026-01-30T07:10:59","guid":{"rendered":"https:\/\/trending.niftytrader.in\/?p=20399"},"modified":"2026-01-30T15:10:31","modified_gmt":"2026-01-30T09:40:31","slug":"silver-drops-%e2%82%b924000-kg-below-%e2%82%b94-lakh-gold-drops-%e2%82%b910000","status":"publish","type":"post","link":"https:\/\/www.niftytrader.in\/markets\/silver-drops-%e2%82%b924000-kg-below-%e2%82%b94-lakh-gold-drops-%e2%82%b910000\/","title":{"rendered":"Why Gold and Silver Are Falling Today: Silver Below \u20b94 Lakh, Gold Down \u20b910,000 in One Move, Check the latest news"},"content":{"rendered":"

On Friday morning trade, silver futures on the MCX<\/a> collapsed under pressure for the first time in weeks, dropping about \u20b924,000 per kilogram<\/strong>, dragging quotes below the psychologically key \u20b94 lakh mark<\/strong>. That\u2019s a nearly 6% fall from the recent highs, and it came almost out of nowhere after a torrid rally in the past month.<\/p>\n

This isn\u2019t your typical small blip; silver had just blasted past \u20b94 lakh per kg<\/strong> in recent sessions, surprising traders on the upside as safe\u2011haven demand took hold. That surge was so strong it became one of the rare times silver outpaced gold in percentage gains.<\/p>\n

But today, that blistering run met profit\u2011taking. Traders who piled in earlier to capture gains were locking in profits, and that selling pressure rippled through the market.<\/p>\n

Gold Gives Back Ground Too: \u20b910,000 Drop\/10 g<\/strong><\/h3>\n

Gold didn\u2019t escape the correction either. February gold futures on the MCX slid roughly \u20b910,000 per 10 grams,<\/strong> about a 6% move lower, bringing prices back down toward levels last seen before this latest spurt higher.<\/p>\n

International bullion markets reflected a similar picture; gold prices pulled back under pressure from a firmer dollar and strong risk sentiment globally. Still, even after today\u2019s slide, gold is on track for one of its strongest monthly runs in decades.<\/p>\n

Why the Sudden Drop? Profit\u2011Taking and Volatility<\/strong><\/h3>\n

Let\u2019s be direct: this wasn\u2019t triggered by some single shocking news event. The pullback looks mostly mechanical; <\/em>traders who bought earlier in the rally seized the opportunity to cash out as prices doubled down. After weeks of continuous gains, markets were due for a breather.<\/p>\n

There\u2019s also been a shift in currency dynamics. A firmer US dollar, often the enemy of dollar\u2011priced commodities, weighed on bullion, making gold and silver slightly less attractive on the global desk this session.<\/p>\n

And geopolitics? It\u2019s still very much in play. Tensions overseas have kept safe\u2011haven flows alive, but in the short term the sharp upswing means both metals are unusually volatile.<\/p>\n

Where Prices Stand Across India<\/strong><\/h3>\n

While futures took the headlines, physical markets show the same rhythm. Across major cities:<\/p>\n

    \n
  • \n

    Gold prices for<\/strong>\u00a0both 22\u2011 and 24\u2011carat have retreated, tracking the futures weakness.<\/p>\n<\/li>\n

  • \n

    Silver merchants<\/strong> report heavier inventory turnover as customers hesitate, waiting to see if prices slide further.<\/p>\n<\/li>\n<\/ul>\n

    Experts Weigh In: Support, Resistance, and How to Trade It<\/strong><\/h3>\n

    Market analysts are sounding a cautious tone. According to traders on the ground:<\/p>\n

      \n
    • \n

      Silver still has technical support<\/strong> down near the \u20b93.74\u202flakh\u2011\u20b93.88\u202flakh zone.<\/p>\n<\/li>\n

    • \n

      Gold\u2019s cushion<\/strong> sits around \u20b91.61\u202flakh\u2011\u20b91.65\u202flakh per 10\u202fg.<\/p>\n<\/li>\n<\/ul>\n

      That doesn\u2019t mean prices won\u2019t test lower; plenty of volatility remains, but the consensus is that this drop is part of a larger chop, not a complete reversal of the multi\u2011month uptrend.<\/p>\n

      Is This a Buying Opportunity?<\/strong><\/h3>\n

      Here\u2019s the real question traders are asking: Buy the dip or lock losses and sit tight?<\/em><\/p>\n

      There\u2019s no universal answer. Some say dips are buying points for longer\u2011term holders, especially if prices stabilize near technical support. Others are urging caution, saying the market\u2019s thirst for quick gains may dry up as risk assets start to outperform again.<\/p>\n

      What\u2019s clear? This isn\u2019t a calm pullback. It\u2019s part of a volatile rhythm driven by profit booking after a historic surge, meaning anyone contemplating adding exposure should proceed with discipline, clear stop\u2011losses, and a plan.<\/p>\n

      Bigger Picture: Imports, Demand and Policy Noise<\/strong><\/h3>\n

      Beyond day\u2011to\u2011day swings, broader structural forces are pressing:<\/p>\n

        \n
      • \n

        India\u2019s gold and silver import bills have swelled in recent months, prompting debate about raising duties to dampen forex impact.<\/p>\n<\/li>\n

      • \n

        Investment demand, especially through ETFs, has surged even as jewellery buying softens, a sign that retail and institutional appetite for safe havens isn\u2019t going away.<\/p>\n<\/li>\n<\/ul>\n

        So the backdrop is still one of strong underlying demand, even if prices wobble in the short run.<\/p>\n

        Bottom Line:<\/strong> Precious metals just hit turbulence after an extraordinary run. Silver\u2019s plunge below \u20b94 lakh\/kg and gold\u2019s drop of around \u20b910,000 per 10\u202fg look extreme, but they\u2019re part of a larger cycle of profit-taking after steep gains. Whether this is a long\u2011term entry point or merely a volatile pause depends on your time horizon and tolerance, but the landscape has clearly shifted from runaway upside to deep breath and regroup.<\/p>\n

        FAQs:\u00a0<\/strong><\/h2>\n

        Q1: Why did silver drop \u20b924,000\/kg below \u20b94 lakh?<\/strong>
        A:<\/strong> The sharp fall is mainly due to profit-taking after a recent rally, combined with a firmer US dollar and increased market volatility.<\/p>\n

        Q2: Is the gold drop of \u20b910,000\/10 g linked to silver\u2019s fall?<\/strong>
        A:<\/strong> Yes, gold often moves in tandem with silver. Global cues, currency movements, and investor sentiment contributed to both metals declining.<\/p>\n

        Q3: Could this market move continue in the short term?<\/strong>
        A:<\/strong> Analysts expect some volatility. Support levels for silver are near \u20b93.74\u20133.88 lakh\/kg and for gold around \u20b91.61\u20131.65 lakh\/10g, which could stabilize prices temporarily.<\/p>\n

        Q4: Should investors be concerned about this decline?<\/strong>
        A:<\/strong> This is part of a short-term correction after a steep rally. Long-term demand for bullion remains intact, so caution and monitoring are advised rather than panic.<\/p>\n

        Q5: What are the broader factors affecting gold and silver prices now?<\/strong>
        A:<\/strong> Import duties, global economic uncertainty, currency fluctuations, and ETF activity all influence price swings alongside day-to-day market sentiment.<\/p>\n","protected":false},"excerpt":{"rendered":"

        On Friday morning trade, silver futures on the MCX collapsed under pressure for the first time in weeks, dropping about \u20b924,000 per kilogram, dragging quotes below the psychologically key \u20b94 lakh mark. That\u2019s a nearly 6% fall from the recent highs, and it came almost out of nowhere after a torrid rally in the past […]<\/p>\n","protected":false},"author":11,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[615],"tags":[],"ppma_author":[1523],"class_list":{"0":"post-20399","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-stock-market-news"}," _eael_post_view_count":0,"authors":[{"term_id":1523,"user_id":11,"is_guest":0,"slug":"nikki","display_name":"Nikki Lodha","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/ae2e265bd56e0e890c866fbaa55d29846ba20cc5372adf666652268816af117e?s=96&d=mm&r=g","0":null,"1":"","2":"","3":"","4":"","5":"","6":"","7":""}],"_links":{"self":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/20399","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/users\/11"}],"replies":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/comments?post=20399"}],"version-history":[{"count":6,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/20399\/revisions"}],"predecessor-version":[{"id":20415,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/posts\/20399\/revisions\/20415"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media\/20402"}],"wp:attachment":[{"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/media?parent=20399"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/categories?post=20399"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/tags?post=20399"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.niftytrader.in\/markets\/wp-json\/wp\/v2\/ppma_author?post=20399"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}