Silver Crashes 24% on MCX, Gold Down 9%; Investor Fear Rises Amid Volatility
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Moneycontrol•30-01-2026, 22:59
Silver Crashes 24% on MCX, Gold Down 9%; Investor Fear Rises Amid Volatility
- •Silver futures on MCX plummeted by 24% to 3,03,371 rupees per kilogram in evening trading on January 30.
- •Gold futures also experienced a significant decline, trading 9% lower, causing concern among investors.
- •Experts attribute the strengthening dollar, following the announcement of the new Federal Reserve chairman, to the fall in precious metals.
- •Silver exhibits higher volatility than gold, leading to a more substantial drop after a period of continuous gains.
- •Despite the fall, experts advise against panic, stating gold's fundamentals remain strong and suggest maintaining 5-10% asset allocation in precious metals.
Why It Matters: Silver crashed 24% and gold fell 9% on MCX due to a stronger dollar, but gold's fundamentals remain strong.
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