Silver prices crash ₹67,000 on MCX, reach ₹3.32 lakh/kg:Gold becomes ₹15,000 per 10 gm cheaper; investors book profit

After remaining at an all-time high for four consecutive days, gold and silver prices saw a major decline today on January 30. According to experts, the main reason for this is profit booking in the market. The price of one kilogram of silver has come down to Rs 3.32 lakh per kg. On MCX, the white metal’s futures prices crashed ₹67,000 in one day. While, gold prices also tanked ₹15,000 on MCX to ₹1.54 lakh per kg.
Why do rates differ in different cities? IBJA gold prices do not include 3% GST, making charges, and jeweller’s margin. Therefore, city rates differ from this. RBI uses these rates to determine Sovereign Gold Bond rates. Many banks use it to set gold loan rates. In the last 10 days, gold increased by ₹2,688 and silver by ₹7,527 daily In 29 days, gold became costlier by ₹35,280 and silver by ₹1.27 lakh In just 29 days of January this year, gold prices have increased by Rs 35,280. On December 31, 2025, 10 grams of 24 carat gold was Rs 1,33,195, which has now risen to Rs 1,68,475. Meanwhile, silver has become more expensive by Rs 1,26,743. On December 31, 2025, one kilogram of silver was priced at Rs 2,30,420, which has now reached Rs 3,57,163 per kilogram. Keep these 2 things in mind when buying gold 1. Buy only certified gold: Always buy certified gold with Bureau of Indian Standards (BIS) hallmark. This number can be alphanumeric, like AZ4524. Hallmarking indicates how many carats the gold is. 2. Cross-check prices: Cross-check the correct weight of gold and its price on the day of purchase from multiple sources (such as India Bullion and Jewellers Association website). Gold rates vary for 24 carat, 22 carat and 18 carat. 4 Ways to Identify Real Silver ​