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US financial markets witness extreme volatility as sharp swings in gold, silver and US equities led to an estimated $9 trillion movement in market capitalisation within few hours.
Gold and Silver Prices Today, January 30.
Gold and Silver Rates Today, January 30: Amid extreme volatility in the global bullion market, gold prices in India declined by nearly 3.5% and silver fell by about 5% from their record levels, pressured by a firmer dollar. In Mumbai, the price of 24-carat gold fell to Rs 1,78,860 per 10 grams, while 22k gold was available at Rs 1,63,960 per 10 grams. These rates do not include GST and making charges. Silver also declined to around Rs 3,80,000 per kg in the spot market.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On January 30?
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 1,64,110 | Rs 1,79,010 |
| Jaipur | Rs 1,64,110 | Rs 1,79,010 |
| Ahmedabad | Rs 1,64,010 | Rs 1,78,910 |
| Pune | Rs 1,63,960 | Rs 1,78,860 |
| Mumbai | Rs 1,63,960 | Rs 1,78,860 |
| Hyderabad | Rs 1,63,960 | Rs 1,78,860 |
| Chennai | Rs 1,63,960 | Rs 1,78,860 |
| Bengaluru | Rs 1,63,960 | Rs 1,78,860 |
| Kolkata | Rs 1,63,960 | Rs 1,78,860 |
Silver Rates In India
After hitting a record high of Rs 4 lakh, silver prices in India on Friday declined to around Rs 3,80,000 per kg in the spot market. It had fallen to Rs 3,30,000 in the evening on Thursday before staging a sharp recovery.
International Gold Price Volatility
In the international market, US financial markets witnessed extreme volatility as sharp swings in gold, silver and US equities led to an estimated $9 trillion movement in market capitalisation within a few hours, highlighting heightened uncertainty across asset classes.
Amid high-end volatility in gold markets, US markets saw a massive swing after prices of major commodities such as gold and silver crashed sharply before staging a strong recovery within just 6.5 hours. Gold prices initially fell by around 8 per cent but recovered swiftly, reflecting intense intraday trading activity.
Market data showed that nearly $9 trillion in market capitalisation changed hands during the session. Gold erased almost $3 trillion in value as US markets opened, before adding back close to $2 trillion by the market close.
Silver Wipes Out Nearly $750 Billion
Silver wiped out around $750 billion initially but later staged a strong reversal, adding back nearly $500 billion.
According to a report by BullionVault, gold and silver sank from fresh record prices on Thursday, with the crash in traditional safe-haven assets knocking gold almost $500 per ounce lower to $5,100. Silver, described as an industrially useful precious metal, plunged by 11.9 per cent amid a slump in major US AI and technology stocks.
The report further noted that gold peaked on Thursday just $5 per ounce below $5,600. The 8.7 per cent fall in gold prices wiped out $3.4 trillion from the value of all gold estimated to be above ground. Silver also saw extreme movements, peaking above $121 per troy ounce, marking a rise of more than 68 per cent in January, its strongest-ever monthly gain outside December 1979. Prices later slipped to $107.
The fall in precious metals coincided with pressure on technology stocks, with cloud-computing and data giant Oracle falling 5.4 per cent, while chipmaker Nvidia declined 2.7 per cent at the open amid fears of an AI bubble crash.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
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January 30, 2026, 09:31 IST
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