Silver prices fall by Rs 1.80 lakh from all-time high, gold also drops by Rs 38,000

New Delhi (The Uttam Hindu): Gold and silver prices continue their historic volatility. In January of this year, prices for both metals reached record levels, before declining. After several days of significant fluctuations, prices are now showing some stability.

On January 29th, the price of silver on MCX reached a lifetime high of ₹4,20,048 per kilogram. On the same day, gold also reached an all-time high of ₹1,93,096 per 10 grams. Since then, the price of silver has fallen by more than ₹1.80 lakh and gold by more than ₹38,000.

Following Monday's decline, prices of both commodities declined on Tuesday. Silver fell by Rs 4,685 to Rs 2,35,206 per kilogram, down Rs 1,80,157 from its lifetime high. Gold also fell by Rs 1,210 to Rs 1,53,550 per 10 grams on the MCX, down Rs 38,336 from its all-time high.

On January 29, 2026, silver reached a record high of ₹404,500 per kilogram in the Delhi bullion market, while gold reached a high of ₹183,000 per 10 grams. On February 16, silver fell ₹5,000 to close at ₹255,000 per kilogram, down ₹149,500 from its record high. Meanwhile, gold rose ₹700 to ₹159,200 per 10 grams, though it remains ₹23,800 below its all-time high. Overall, both gold and silver are still trading well below their January record levels.