Gold prices plunged by Rs 14,000 per 10 grams, and silver prices dropped by nearly Rs 20,000 per kilogram on Friday. As per news agency PTI, gold prices tanked by Rs 14,000 (nearly 8 percent) to Rs 169,000 per 10 grams after reaching an all-time high a day earlier. Real reason behind drop in gold and silver pricesThe main reason behind the sharp fall in gold price was triggered by heavy liquidation of long positions by large institutional players, who were looking to book profits after a strong multi-session advance. Latest gold and silver pricesOn January 31, the gold prices in New Delhi is Rs 16,073 per gram for 24 karat, which is Rs 862 less than the previous market session. On the other hand, the price of silver in Delhi today is Rs 350 per gram and Rs 350,000 per kilogram.

Source: dna January 31, 2026 14:30 UTC