Gold price sinks as silver crash deepens, rattling gold and silver markets
The gold price fell sharply on Saturday as a fast unwind in precious metals accelerated into a broader silver crash, pushing both gold price today and silver price today lower on widely watched spot screens. The move matters because it’s hitting multiple corners at once—physical price of gold today and silver spot price, India retail markets, and the ETF complex—raising fresh questions about why is gold down today and why is silver dropping after a blistering run-up.
As of 11:57 a.m. ET on Jan. 31, 2026, the live gold spot price was about $4,902.85/oz, while silver prices were near $85.81/oz at 11:47 a.m. ET, levels that reflect a steep, risk-off reversal across silver gold prices.
| Snapshot (as of timestamp shown) | Level |
|---|---|
| Gold spot price (11:57 a.m. ET) | $4,902.85/oz |
| Silver spot price (11:47 a.m. ET) | $85.81/oz |
| GLD stock (8:15 p.m. ET, Jan. 30) | $444.95 |
| Silver ETF SLV (8:15 p.m. ET, Jan. 30) | $75.44 |
| Gold rate in India today — Delhi 24K (Jan. 31) | ₹15,650/gram |
| Silver price today in India (Jan. 31) | ₹3,50,000/kg |
Gold price slides after dollar surge
The gold price decline has the feel of a crowded trade unwinding: profit-taking into record territory, a jump in currency volatility, and a stronger U.S. dollar pressuring commodities priced in USD. In practical terms, a firmer dollar can make gold more expensive for non-U.S. buyers, dampening marginal demand and accelerating sell programs.
That’s the core setup behind the day’s biggest question—why is gold down today—and it’s also why the selling has spilled into related “safe-haven” and momentum exposures rather than staying contained to one venue. The broader gold news flow has also been dominated by commentary about how quickly positioning flipped after recent highs, amplifying the move as traders de-risked.
Silver price drops harder, fueling “silver crash” talk
If gold’s move looks sharp, the silver price move looks disorderly. Silver’s dual role—as both monetary metal and industrial input—often makes it more volatile than gold, and Saturday’s tape reinforced that dynamic. That volatility is why the phrase silver crash has been trending alongside silver news, even among investors who usually focus on longer-term supply-demand themes.
For anyone tracking price of silver today minute to minute, the story has been whipsaw: steep drops, large intraday ranges, and a scramble to find clearing prices in derivatives and ETF hedges. In plain language, why is silver dropping is partly about the same dollar-and-positioning forces hitting gold, but also about silver’s tendency to overshoot when liquidity thins and stops cascade.
India prices: gold rate and silver price today in India
The pullback is also showing up in gold price india and local bullion rates. For example, the gold rate in india today in Delhi has been posted around ₹15,650 per gram for 24K, a level that reflects both global swings and domestic pricing dynamics like import costs and local premiums.
On the silver side, the silver price today in india has been quoted around ₹3,50,000 per kg in widely followed rate sheets, underscoring how fast the market has moved in January. For households and jewelers, the headline “price of gold” and “price of silver” can shift quickly even within a single day, so consumers often watch multiple references before transacting—especially when silver price today is moving by wide margins.
ETF and “gold stock price” pressure: GLD stock and silver ETF SLV
The ETF complex has mirrored the selloff. The gld stock price for SPDR Gold Shares (commonly referred to as GLD stock) was around $444.95 at the most recent reported trade time of 8:15 p.m. ET on Jan. 30, while the iShares Silver Trust—often shorthand as a silver etf—showed SLV near $75.44 at the same timestamp.
For many retail investors, these vehicles effectively become the “gold stock price” and the easiest way to express a view on spot metals without handling physical bars. When redemptions rise or hedges adjust quickly, ETF-linked flows can amplify day-to-day volatility in the underlying futures and spot markets.
Where traders are watching next: Kitco, screens, and sentiment
In fast markets, investors gravitate to real-time dashboards—kitco quotes, kitco silver pages, dealer spot charts, and trading communities that compare levels across venues. Even broad business channels like BNN Bloomberg (and shorthand BNN) tend to frame the narrative around the same pressure points: USD strength, rate expectations, positioning, and how sharply metals have mean-reverted from recent highs.
Meanwhile, trader forums such as Forex Factory can become a sentiment barometer—less about “fundamentals,” more about where stops may sit and which levels the market is reacting to. The near-term forward look is straightforward: if the dollar stays firm and volatility remains elevated, precious metals could stay choppy; if volatility cools and buyers re-emerge in physical demand centers, gold and silver price today levels may stabilize, even if a full rebound takes time.
Sources consulted: Kitco, JM Bullion, Investing.com, Policybazaar, Goodreturns, Yahoo Finance
