Silver Price Drop: Gold and silver prices fell sharply today in both international and domestic markets. While gold and silver prices had been rising over the past few days, both metals saw a sharp decline today, January 30th. The price of gold fell by Rs. 8000 per 10 grams. Silver prices fell by approximately 5 per cent. If you are planning to buy silver or invest in it, this is big news for you. Today, on the Multi-Commodity Exchange, silver prices fell by almost 5 per cent in a single day. While silver had touched the Rs. 4 lakh per kg mark on Thursday, today the prices have fallen by up to Rs. 20,000. According to the India Bullion and Jewellers Association (IBJA), the price of one kilogram of silver has come down to Rs. 3,57,163. Earlier on Thursday, its price was Rs. 3,79,988 per kg.
Today, silver opened at Rs. 357,163 per kg (excluding GST). Including GST, the price of silver is now Rs. 367,877 per kg. On Thursday, silver closed at Rs. 379,988 (excluding GST).
What is the price of silver today?
On the morning of January 30, 2026, a sharp decline in silver prices was observed on the MCX. At 9:07 AM, the March expiry silver was trading at Rs. 3,79,942 per kg. A drop of approximately Rs. 19,951 was recorded; on the previous trading day, silver had closed at Rs. 3,99,893 per kg. Silver prices crashed as soon as the market opened.
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Silver Price Today
Mumbai: Approximately ₹4,01,760 per kilogram
Delhi: Approximately ₹4,01,060
Chennai: Approximately ₹4,02,920
Hyderabad: Approximately ₹4,02,390
Bengaluru: Approximately ₹4,02,070
Kolkata: Approximately ₹3,86,420
Why the decline?
Experts say that after precious metals rapidly reached new highs, the market witnessed heavy selling. This profit-taking by investors led to a sudden price drop. The atmosphere of global tension persists, but amidst the tariff attacks, US President Donald Trump has taken steps to negotiate a nuclear deal with Iran, which is also having an effect.
Experts say that the turmoil in the US markets has reduced the total market capitalisation of gold by approximately $3 trillion. Although some recovery was seen later, the fear still persists.