Silver Price Crash: Market Turmoil as White Metal Plunges Over One Lakh Rupees
Business
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News18•31-01-2026, 17:02
Silver Price Crash: Market Turmoil as White Metal Plunges Over One Lakh Rupees
- •Silver prices experienced a sudden and historic crash, plummeting by 27% in a single day.
- •One kilogram of silver in the MCX market fell by a staggering Rs. 1,07,968, closing at Rs. 2,91,925.
- •The crash is attributed to changes in US economic policies, a surging Dollar Index, and falling gold prices.
- •Profit-taking by investors, after a period of continuous price increases, also contributed to the sharp decline.
- •Experts advise caution for new buyers and suggest a stop-loss at Rs. 3,00,000 for current holders, though industrial demand could offer future support.
Why It Matters: Silver prices crashed dramatically due to US economic policy shifts, dollar strength, and profit-taking.
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