Gold, silver rate today highlights: Gold suffers biggest slide in four decades

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Gold, Silver Rate Today LIVE update: Gold has long been seen as a classic safe haven, an asset investors turn to when they want to protect their savings from financial uncertainty.

With global geopolitical tensions escalating, trade war threats resurfacing, uncertainty over the future path of interest rates, and signs of a shifting world order, investors have been gravitating towards assets perceived as stable amid growing volatility, according to a report by Conversation UK.

Gold, Silver Rate Today LIVE update: Friday’s selloff is the biggest shock to the rally, outdoing the slump in October.

It was triggered by the dollar rebounding after a report said that US President Donald Trump's administration was preparing to nominate Kevin Warsh for Fed chair, a move later confirmed.

The greenback’s rally undercut sentiment among investors who had been piling into metals after the US president signalled a willingness to let the currency weaken.

Gold, Silver Rate Today LIVE update: Silver prices collapsed 19 per cent to ₹3.12 lakh per kg in the national capital on Saturday, while gold plunged 2 per cent to ₹1.65 lakh per 10 grams, as investors booked profits amid a global selloff triggered by a stronger US dollar, news agency PTI reported.

Sandip Raichura, CEO of Retail Broking and Distribution & Director, PL Capital said “Warsh's nomination triggered profit booking in Asia, which then spread to the rest of the world.”

“Silver had a non-linear run and had reached severely overbought levels. When profit booking begins, drawdowns have historically been significant, and Friday was no different, despite no major actual moves in the US dollar,” he added.

CME raised the margin requirements on Comex gold and silver futures after prices witnessed their sharpest drop in decades. Both gold and silver collapsed on Friday as traders rushed to close positions.

The Economic Survey stated that gold prices jumped from $2,607 to $4,315 per ounce in 2025. As of January 26, 2026, the price of gold per ounce was $5101.34.

“Silver and gold have become the vehicle for investors concerned about fiat currencies,” Louis Navellier at Navellier & Associates said as Bitcoin crashed on Saturday

Bitcoin, the world's largest cryptocurrency by market value, was down by 6.53% at $78,719.63 at 12:48 PM ET on Saturday.

Gold saw its biggest slide in four decades and silver tumbled in a stark reversal of the surge to all-time highs. Spot gold fell 9.7% to $4,851.40 an ounce

MCX gold futures for April closed at ₹1,50,849 per 10 grams, recording an intraday decline of ₹1,496 or 0.98% compared to the previous day's close of ₹1,52,345 per 10 grams. The MCX gold rate today is ₹29,930 below its all-time high of ₹1,80,779 per 10 grams.

MCX silver price for March futures closed at ₹2,91,922 per kg, which is ₹1,28,126 or 30.50% below the record high of ₹4,20,048 per kg.

The market is expecting an announcement on a reduction in import duty to boost the gems and jewellery business, which is facing a dual hit from soaring gold and silver prices and lower demand. In that case, there can be a sharp decline taking place in gold and silver prices as the MCX will remain open on the Union Budget 2026 date, said Anuj Gupta, a SEBI-registered commodity expert, according to Live Mint.

Silver prices collapsed 19 per cent to ₹3.12 lakh per kg in the national capital on Saturday, while gold plunged 2 per cent to ₹1.65 lakh per 10 grams, as investors booked profits amid a global selloff triggered by a stronger US dollar.

According to the All India Sarafa Association, silver nosedived ₹72,500, or 18.85 per cent, to ₹3,12,000 per kilogram (inclusive of all taxes), marking a second straight day of heavy losses, wiping out much of this week's record gains.

Billionaire veteran investor and former Chief Executive Officer (CEO) of Berkshire Hathaway, who has not been a fan of gold, said that he would take farmland and seven of oil major Exxon Mobil instead of having gold, reported the news portal Economic Times.

Warren Buffett said that if one took all the gold in the world, it would roughly make a cube 67 feet on a side worth somewhere around $7 trillion, marking up to a third of the value of all the stocks in the United States.

“I will say this about gold. If you took all the gold in the world, it would roughly make a cube 67 feet on a side…Now for that same cube of gold, it would be worth at today’s market prices about $7 trillion – that’s probably about a third of the value of all the stocks in the United States,” said Buffett, reported the news portal.

He said that people may call him crazy but he would take farmland and the Exxon Mobils anyday over investments in gold.

Spot gold rates in the US fell 9.7% to $4,851.40 an ounce on Saturday.

Gold prices in Surat today are ₹16,063 per gram for 24-karat gold, ₹14,725 per gram for 22-karat gold, and ₹12,049 per gram for 18-karat gold.

Silver ended January with strong gains, rising ₹73,000, or 30.5 per cent, to close well above its December 31 level of ₹2.39 lakh per kg, even after sharp losses in the final two sessions.

Meanwhile, gold also posted a solid monthly increase, climbing ₹27,800, or 20.2 per cent, from ₹1,37,700 per 10 grams at the end of last year. Analysts attributed the recent selloff in both metals to a rebound in the US dollar, which pressured prices.

(PTI)

Silver prices slumped sharply by nearly 19 per cent to ₹3.12 lakh per kg in the national capital on Saturday, while gold fell about 2 per cent to ₹1.65 lakh per 10 grams, as investors booked profits amid a global selloff driven by a stronger US dollar.

Data from the All India Sarafa Association showed silver plunging by ₹72,500, or 18.85 per cent, to ₹3,12,000 per kilogram (inclusive of all taxes). This marked the second consecutive session of steep losses, erasing a large part of the gains seen earlier in the week.

Silver had scaled a record high of ₹4,04,500 per kg on Thursday before dropping 5 per cent in the previous trading session.

(PTI)

Gold is trading in Salem today at ₹16,255 per gram for 24-karat gold, ₹14,900 per gram for 22-karat gold, and ₹12,800 per gram for 18-karat gold.

Gold prices in Rajkot today stand at ₹16,063 per gram for 24-karat gold, ₹14,725 per gram for 22-karat gold, and ₹12,049 per gram for 18-karat gold.

Gold rates in the city can vary slightly from other parts of the country due to local taxes and levies, though they generally move in line with trends seen across India, as per Good Returns.

Gold is priced in Patna today at ₹16,063 per gram for 24-karat gold, ₹14,725 per gram for 22-karat gold, and ₹12,049 per gram for 18-karat gold.

Gold prices in Nashik today are ₹16,061 per gram for 24-karat gold, ₹14,723 per gram for 22-karat gold, and ₹12,047 per gram for 18-karat gold.

Gold rates in Nashik generally track global price movements, while local factors such as Maharashtra’s duties and levies also play a role in influencing prices, as per Good Returns.

Gold prices in Nagpur today stand at ₹16,058 per gram for 24-karat gold, ₹14,720 per gram for 22-karat gold, and ₹12,044 per gram for 18-karat gold.

Beyond being known as the city of oranges, Nagpur is also a popular hub for gold purchases, with numerous local jewellers offering competitive rates across the city, according to Good Returns.

Gold prices in Mysore today are ₹16,058 per gram for 24-karat gold, ₹14,720 per gram for 22-karat gold, and ₹12,044 per gram for 18-karat gold.

Gold is trading in Mangalore today at ₹16,058 per gram for 24-karat gold, ₹14,720 per gram for 22-karat gold, and ₹12,044 per gram for 18-karat gold.