Silver Crashes by One Lakh in a Day: Bullion Market in Chaos
Indore
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News18•31-01-2026, 09:53
Silver Crashes by One Lakh in a Day: Bullion Market in Chaos
- •Silver, after consistently hitting all-time highs, plummeted by approximately one lakh rupees in a single day, dropping from over 4 lakh to 3 lakh rupees.
- •The price fall from 4 lakh 10 thousand rupees on January 29 to 3 lakh rupees on January 30 is termed "Silver's Black Friday."
- •Bullion trader Ajay Lahotiya attributes the sharp decline to instability in the international market and the softening of the dollar and cents.
- •Investors who bought silver at high prices are now rushing to sell, while experts advise patience due to silver being a long-term investment.
- •Hukam Soni, President of the Bullion Market Traders Association, highlights speculation and the futures market as key drivers of the unprecedented volatility.
Why It Matters: Silver experienced an unprecedented one-day crash of one lakh rupees, causing panic and volatility in the bullion market.
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