MCX gold, silver prices crash up to 15% as panic selling grips investors: Time to buy, sell or hold?
Published on 30/01/2026 03:29 PM
The sharp sell-off in precious metals deepened during Friday’s afternoon session, gold and silver futures on the MCX plunging as much as 15% after opening up to 4% lower earlier in the day.
MCX February gold futures slid 9%, or ₹15,000 per 10 grams, to ₹154,157 in afternoon trade. From record highs, the yellow metal has now fallen more than ₹26,600, or 14.7%. Silver prices crashed 15%, or nearly ₹60,000 per kilogram, to ₹339,910 on the MCX, extending the decline from record highs to 23.5%, or about ₹80,000.
Selling pressure was not limited to the domestic market, as US spot gold prices tumbled 7% to below $5,000, while silver slipped below $100 after hitting record highs.
More to come...
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