Since the start of 2026, gold and silver prices have shown extreme ups and downs.
After touching record highs in January, both precious metals have seen a sharp and surprising fall.
Investors who were tracking prices closely have witnessed one of the biggest corrections in recent times.
Gold and Silver Hit Record Highs in January
On January 29, 2026, gold and silver touched their all-time highs in the Delhi bullion market.
Silver reached a historic level of Rs 4,04,500 per kilogram, while gold climbed to Rs 1,83,000 per 10 grams.
These prices marked the highest levels ever recorded for both metals.
However, the rally did not last long.
Sharp Fall After Record Levels
After hitting record highs, gold and silver saw heavy selling for three consecutive days.
Prices then recovered briefly for two days before falling sharply again on February 5 and 6.
On Friday, silver dropped by Rs 13,000, or 4.85 percent, to Rs 2,55,000 per kg, down from Rs 2,68,000 the previous day.
Gold also slipped on the same day.
Its price fell by Rs 3,400, or 2.12 percent, to Rs 1,57,200 per 10 grams, compared to Rs 1,60,600 on Thursday.
How Much Cheaper Are Gold and Silver Now?
Compared to their all-time highs, silver has become cheaper by Rs 1.50 lakh per kg.
This means silver prices have fallen by nearly 37 percent from their peak.
Gold, on the other hand, has declined by Rs 25,800 per 10 grams, a fall of around 14 percent so far.
This shows that silver has dropped almost three times more sharply than gold since January’s peak.
Why Are Prices Falling?
According to bullion traders, the main reason behind the fall in domestic prices is profit booking by investors after the sharp rise in January.
Interestingly, gold and silver prices closed higher in international markets, indicating that the domestic correction is largely driven by local selling pressure rather than global weakness.
Market experts believe volatility may continue in the coming days as investors react to price movements and global cues.
