Silver crashes ₹44,000 per kg as profit-booking shakes Indian markets
Silver Price Today 30 January 2026: Silver buyers got a pleasant surprise today. After touching sky-high rates yesterday, silver prices have tumbled sharply across India on January 30, 2026. The precious metal, which crossed ₹4,10,000 per kilogram just a day ago, has now dropped by a massive ₹44,000.
Silver Price Today 30 January 2026
Here’s what you’ll pay for silver right now in major cities:
Silver Price Today at MCX per weight:
- 1 gram: ₹376 (cheaper by ₹15-44)
- 10 grams: ₹3,760 (down ₹150-440)
- 100 grams: ₹37,600 (fell ₹1,500-4,400)
- 1 kilogram: ₹3,75,900 (dropped over ₹44,000)
City-wise rates per kg:
- Mumbai, Pune, Nagpur: ₹3,95,000 to ₹4,01,100
- Delhi, Kolkata: ₹4,05,000 to ₹4,10,100
- Chennai, Hyderabad: ₹4,25,100
Prices depend on local taxes and when you check the market.
Why Silver Crashed Today
Three big reasons explain today’s sudden fall.
Profit-booking wave: Silver shot up 72% this month alone. That’s huge! Now investors are cashing out their profits, causing prices to slide 6-10% on commodity exchanges.
Dollar got stronger: Good budget news from America and Federal Reserve’s interest rate decisions made the US dollar more valuable. When the dollar rises, silver and gold typically fall.
Wild price swings: Silver hit an all-time record of $121.64 per ounce globally yesterday before pulling back today.
Also Read: Gold Rate Today 30 January 2026: Prices Drop After Record Highs
What You Should Know
Remember, these prices don’t include GST (3%), jewelry making charges, or any extra fees your local dealer might charge. Always check the final price before buying.
The market remains highly unpredictable, so timing your purchase carefully could save you thousands.
Disclaimer: The silver prices mentioned in this article are for informational purposes only and may vary based on location, time, and market conditions. Please check with local dealers for actual rates. This is not financial or investment advice. Consult a certified financial advisor before making any investment decisions.
Sources & References
Yogesh Kolhe is a business and market news writer covering the share market, company earnings, and gold and silver price movements, with a strong focus on the automobile sector. A Mechanical Engineering graduate with 5 years of share market experience, he provides data-driven, reliable insights into market and industry trends.
