Gold's Rally Halts, Silver Plummets ₹45,000 Ahead of Budget; Check Latest Rates
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Moneycontrol•31-01-2026, 10:12
Gold's Rally Halts, Silver Plummets ₹45,000 Ahead of Budget; Check Latest Rates
- •Gold prices saw a halt in their continuous rise on January 31, with 24-carat gold in Delhi falling to ₹169,340 per 10 grams.
- •Mumbai, Chennai, Kolkata, Pune, and Bengaluru recorded 24-carat gold at ₹169,190 per 10 grams.
- •International spot gold price is $5,087.73 per ounce, influenced by weak global trends, a stronger dollar, and profit booking.
- •Silver experienced a massive fall, plummeting by ₹45,000 to ₹350,000 per kilogram on January 31.
- •Analysts like Societe Generale and Morgan Stanley predict further upside potential for gold, with targets up to $6,000 per ounce.
Why It Matters: Gold's upward trend paused and silver crashed significantly on January 31, though analysts foresee future gold gains.
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