Gold Price Crashes 8%, Silver 11% From Record High as Rally Reverses Sharply: What's Behind the Fall? Explained
Gold prices fell 4.6% and silver dropped 6.6% as investors took profits following record highs amid ongoing economic and geopolitical uncertainty, with gold still up 19% this month.
- On Thursday, investors sold off gold, which dropped over 4% as profit-taking followed a record high; spot gold was 4.6% lower at $5,149.99 an ounce by 10:48 a.m. ET.
- Supported by supply deficits and momentum buying, gold has surged roughly 102% over 12 months and more than 50% this year, while Tether's CEO plans 10%-15% allocation and SPDR Gold Trust holdings hit a nearly 4-year high.
- Market data show spot silver reached $121.64 then fell to $108.84, while spot gold rose over 2.4% to $5,548.50 as of 08:00GMT.
- Despite the sell-off, spot gold remains up 19% for the month, as Mumbai reported futures rates tumbled nearly 6% on January 30, 2026, with markets expecting the central bank to trim rates in June.
- Heightened U.S.-Iran tensions have intensified as President Donald Trump pressed Iran while silver, platinum and palladium markets remain vulnerable to speculative inflows amid broadening gold demand from crypto investors and central banks.
20 Articles
20 Articles
After the historical peaks, the precious metals reverse the route: gold falls below 5,000 dollars and then goes back a little, while silver loses over 17% between profit takings, dollar in strengthening and new expectations on the Fed
Gold price crashes 8%, silver 11% from record high as rally reverses sharply: What's behind the fall? Explained
Given the sharp run in gold and silver since the start of 2025, analysts believe the rally seems stretched and unsustainable, with investors taking profits at higher levels.
Gold drops by Rs 10,153, silver crashes 6% on MCX | Check city-wise rates
Rates of precious metals in futures trade tumbled on Friday, January 30, 2026, with silver and gold falling nearly 6 per cent on rumours the Federal Reserve could get a more hawkish chair and a strong rise in the dollar index. The gold February 5 contract on the Multi Commodity Exchange (MCX) opened with a drop of Rs 1,504 at Rs 1,67,899 per 10 grams against the previous close of Rs 1,69,403. It dropped further to hit the low of Rs 1,59,250, a d…
The silver price has been rising rapidly for months and attracting more and more investors. Is the entry still worthwhile – or is there a threat of setbacks?
Gold price powers to record high amid global political chaos
Gold prices continued to hit record highs on Thursday, exceeding the $5,500 level and nearing $5,600, as U.S.-Iran tensions intensified and global conflicts roll on. According to the latest market data, spot gold rose over 2.4% day-on-day to $5,548.50 an ounce as of 08:00GMT, after touching an all-time high of $5,595.44 earlier in the session. Prices […] The post Gold price powers to record high amid global political chaos appeared first on 5Pil…
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