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Gold, Silver Rate Today LIVE: MCX silver price crashes by ₹24,000 to below ₹4 lakh/kg, gold rate cheaper by ₹5,000

Published on 30/01/2026 08:04 AM

Gold, Silver Rate Today LIVE: Gold and silver prices on the Multi Commodity Exchange (MCX) crashed up to 4% in early trade on Friday, after hitting record high levels in the previous session.

MCX gold price for April futures opened 1.88% lower at ₹1,80,499 per 10 grams as against its previous close of ₹1,83,962 per 10 grams level. The yellow metal price hit a record high of ₹1,93,096 level in the previous session.

MCX silver price opened 4% lower at ₹3,83,898 per kg as compared with its previous close of ₹3,99,893 level. MCX silver rate touched a new peak of ₹4,20,048 per kg level on Thursday.

Globally, gold and silver prices traded lower, pressurised by a strong US dollar. Despite the fall, gold prices were set for their biggest monthly gain since 1980 on rising safe-haven demand for the metal amid persistent global geopolitical and economic uncertainties.

Spot gold price fell 0.9% to $5,346.42 per ounce, after scaling a record $5,594.82 the previous day. US gold futures for February delivery rose 1.3% to $5,390.80 per ounce. Spot silver price fell 0.2% to $115.83 an ounce, after hitting a record high of $121.64 on Thursday.

Gold rates have jumped more than 24% so far in January, heading for a sixth straight month of gains and the largest monthly advance since January 1980. Silver prices have surged 62% so far this month, on track for its best-ever monthly performance.

Meanwhile, the dollar index edged higher, supported in part by the Federal Reserve’s decision to keep interest rates unchanged, but was poised for a second straight weekly decline.

Stay tuned to our Gold, Silver Rate Today Live Blog for the latest updates.

Gold, Silver Rate Today LIVE: Commodities Market News Highlights:

Silver Trading: SDIC Silver LOF trading halted from market open until market close on January 30.

Margins: CME raises margins for gold, copper, and select aluminum futures.

Gold Demand: World Gold Council reports record global gold demand in 2025, with Q4 central bank net purchases at 230 tons.

Indonesian Stocks: Stock market plunges again, triggering a circuit breaker; authorities may intervene via sovereign fund.

Gold, Silver Rate Today LIVE: In the last 1 week, gold and silver prices have shown unusual moves — sharp spikes, physical market unrest, gap-up openings. Charts look overbought for months; mania phase visible in gold and silver. Fundamentals remain strong, but valuations are overstretched - time to pause and manage risk, said Ajay Kedia, Director of Kedia Advisory.

According to him, for silver price, weekly close below $102 may open support near $78. For gold price, after rejection near $5,620, support is seen at $4,860 and $4,240 levels.

He recommends investors to stay cautious amid US–Iran tensions, tariff war risks, Indian Budget 2026 uncertainty, ETF liquidation, dollar rebound and margin hikes. “Be alert. Protect profits. Risk management is key,” Kedia said.

Gold, Silver Rate Today LIVE: UBS has raised its gold price target to $6,200 per ounce from $5,000 for March, June and September 2026, citing stronger-than-expected demand stemming from increased investment. However, the bank projected a modest decline to $5,900 per ounce by 2026-end after US midterm elections. UBS sees an upside scenario of $7,200 per ounce and a downside case of $4,600 for gold, noting that a hawkish Federal Reserve could heighten downside risks, while escalating geopolitical tensions could drive prices higher.

Gold, Silver Rate Today LIVE: Ajay Kedia said that the trend for MCX silver price today may remain negative, with support seen at ₹3,62,650 per kg level, and resistance at ₹4,05,000 level.

Gold, Silver Rate Today LIVE: The view for MCX gold rate today remains negative, according to Ajay Kedia, Director, Kedia Advisory. MCX gold price may find support at ₹1,64,000 per 10 gram level, while resistance is seen at ₹1,71,500 level.

Gold, Silver Rate Today LIVE: According to Rahul Kalantri, VP Commodities, Mehta Equities Ltd, gold price has support at $5,255 - $5,175, and resistance at $5,440 - $5,540. Silver price has support at $109.10 - $104.75 and resistance at $115.15 - $117.80. Support for MCX gold price is seen at ₹1,62,650 - ₹1,58,310, while resistance is placed at ₹1,74,850 - ₹1,79,950. MCX silver price has support at ₹3,82,810 - ₹3,67,170, while resistance at ₹4,18,810 - ₹4,35,470 levels.

Gold, Silver Rate Today LIVE: COMEX silver price is trading around $108–$111, consolidating after testing record highs above $121.6. The metal remains in a strong rising channel, but the recent move has left prices overbought, resulting in quick rise–quick fall price action driven by aggressive profit booking. Importantly, prices are holding above key moving averages, suggesting that the ongoing pause is a healthy consolidation rather than trend exhaustion, said Ponmudi R, CEO of Enrich Money.

According to him, support for Comex silver price is placed in the $106–$108 zone, and a sustained breakout above $118–$121 could trigger the next impulsive move toward $125–$140 over the intermediate term. Structural supply deficits and industrial demand continue to underpin the bullish bias.

Gold, Silver Rate Today LIVE: COMEX gold price is trading in the $5,160 – $5,320 zone, cooling off after the sharp spike above $5,600. While the broader bullish trend remains intact, the recent vertical rally has pushed momentum indicators into overbought territory, leading to heat-driven profit booking and light melting from elevated levels. Despite this, prices continue to hold well above major moving averages, indicating that the correction so far is technical and orderly rather than trend-reversing, said Ponmudi R, CEO of Enrich Money.

Strong buying interest is emerging in the $5,050–$55,150 support band, reinforcing this zone as a key demand base. A sustained consolidation above this area could set the stage for the next leg higher, with a decisive move above $5,320–$5,400 reopening upside toward prior peaks, he added.

Gold, Silver Rate Today LIVE: MCX silver price for March futures contracts declined as much as 6% to ₹3,75,900 per kg level on Friday. However, the white metal prices recovered and were trading at ₹3,87,183 per kg level, down by ₹12,710, or 3.18%.

Gold, Silver Rate Today LIVE: MCX silver price rally has been sharp and extended, pushing momentum indicators into extreme overbought zones, which is leading to heat-led consolidation and rapid intraday pullbacks. However, the broader trend remains decisively bullish, with the steep rising channel intact and major EMAs providing strong dynamic support, said Ponmudi R, CEO of Enrich Money.

The ₹3,55,000 – ₹3,60,000 zone remains a critical base for MCX silver rate. Immediate resistance is seen near ₹4,15,000 – ₹4,20,000, with potential extension toward ₹4,25,000 if momentum sustains. Dips continue to offer accumulation opportunities for positional participants, he added.

Gold, Silver Rate Today LIVE: The broader structure for MCX gold price remains firmly bullish, though the market is witnessing fast intraday swings, reflecting short-term overheating and tactical profit booking after the recent sharp rise. The rising channel remains intact, and pullbacks continue to attract buyers, suggesting that selling pressure is being absorbed efficiently, said Ponmudi R, CEO of Enrich Money.

According to him, the ₹1,57,000 – ₹1,59,000 zone continues to act as a strong dynamic support. A sustained hold above ₹1,68,000 could revive upside momentum toward ₹1,74,000 – ₹1,77,000, keeping the medium-term outlook constructive despite near-term volatility.

Gold, Silver Rate Today LIVE: Gold exports from Switzerland rose 27% month-on-month (MoM) in December as shipments to Britain jumped to their highest since August 2019, Swiss customs data showed.

Gold, Silver Rate Today LIVE: MCX gold price for April futures were trading lower by ₹4,638, or 2.52%, at ₹1,79,324 per 10 grams. MCX silver price was down by ₹19,695, or 4.93%, at ₹3,80,198 per kg.

Gold, Silver Rate Today LIVE: UBS raised its gold price target to $6,200 per ounce for March, June and September 2026, compared with a prior forecast of $5,000, citing stronger-than-expected demand stemming from increased investment.

MCX silver price opened 4% lower at ₹3,83,898 per kg as compared with its previous close of ₹3,99,893 level. MCX silver price was trading lower by ₹17,209, or 4.30%, at ₹3,82,684 level.

Gold, Silver Rate Today LIVE: MCX gold price opened 1.88% lower at ₹1,80,499 per 10 grams on Friday as against its previous close of ₹1,83,962 level. MCX gold price was trading lower by ₹5,518, or 3.00%, at ₹1,78,444 per 10 grams level.

Gold, Silver Rate Today LIVE: Gold and silver prices on the Multi Commodity Exchange (MCX) rallied over 4% Thursday. MCX gold price for April futures jumped 4.68% to ₹1,85,442 per 10 grams level. The yellow metal price hit a record high of ₹1,93,096 level during the session.

MCX silver price surged 4.14% to ₹4,01,302 per kg. During the session, MCX silver rate touched a new peak of ₹4,20,048 per kg level.

Gold, Silver Rate Today LIVE: Gold rates have jumped more than 24% so far in January, heading for a sixth straight month of gains and the largest monthly advance since January 1980. Silver prices have surged 62% so far this month, on track for its best-ever monthly performance.

Gold, Silver Rate Today LIVE: Spot gold price fell 0.9% to $5,346.42 per ounce, after scaling a record $5,594.82 the previous day. US gold futures for February delivery rose 1.3% to $5,390.80 per ounce. Spot silver price fell 0.2% to $115.83 an ounce, after hitting a record high of $121.64 on Thursday.

Gold, Silver Rate Today LIVE: Gold and silver prices traded lower in the international markets on Friday, pressurised by a strong US dollar. Despite the fall, gold prices were set for their biggest monthly gain since 1980 on rising safe-haven demand for the metal amid persistent global geopolitical and economic uncertainties.

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