There was an atmosphere of celebration in the bullion market. Gold and silver were at their record levels and investors were expecting the dollar to continue weakening. They thought that the prices of gold and silver would increase further, but the market collapsed. Silver lost Rs. 1.25 lakh in just one day. Gold also slipped badly. However, the real story of this decline was written by Donald Trump on January 27 itself. What is the whole matter, we will know in detail. First let us know what was the price of gold and silver in Delhi on Monday.
What is the condition of gold and silver prices on Monday?
According to All India Bullion Association, a huge fall was again recorded in the prices of gold and silver on Monday also. Silver prices fell sharply for the third consecutive day and fell by Rs 52,000 to Rs 2.60 lakh per kg. In the last three sessions, silver has fallen almost 36 percent from its January 29 high. At the same time, the price of gold of 99.9 percent purity has also fallen by Rs 12,800 to Rs 1,52,700 per 10 grams.
Why did the prices of gold and silver fall?
Let us now understand in detail the reason for this big decline in the bullion market. According to experts, the reason behind this heavy selling is the strong US dollar, President Donald Trump’s talks on tariffs with different countries of the world, reduction in tension between America and Iran and the name of Kevin Worsh coming forward as the next Chairman of the Federal Reserve in America. Apart from this, market expectations were also shocked due to no change in the import duty of gold and silver in the Union Budget 2026-27. Due to this, investors booked huge profits in both domestic and international markets and a historic fall in prices was seen.
How did Donald Trump write the script of decline in silver and gold?
A big fall was recorded in gold and silver on January 30, 2026. Its script was written just two days before these metals reached record levels on January 29, 2026. On January 27, 2026, a news came out from the White House, the official residence of US President Donald Trump, which created a sensation in the entire bullion market. Donald Trump announced the appointment of a person who has the reputation of being a professional who would do anything to keep the dollar strong, as the Chairman of the Federal Reserve. The strength of the dollar means softening of precious metal prices. This was the reason why the prices of gold and silver fell.
