Gold and silver prices fell sharply on Friday, snapping a powerful rally that had carried both metals to record highs in recent weeks.

Both MCX gold and silver prices crashed during Friday's trading session as experts indicate that concerns still loom over whether or not the precious metal prices can bounce back next.

However, after Goldman Sacks issued a surprise 2026 crypto prediction, JPMorgan has called the silver price top, alongside a huge gold and bitcoin price prediction.

Buying the precious metal has become the antidote for market jitters.

Gold has fallen from recent highs but there are several reasons investors are still finding refuge in the precious metal.

Gold prices dropped by a whopping Rs 14,000 per 10 grams and silver prices tanked by Rs 20,000 per kg in Delhi on Friday. The sharp dip came after gold hit a fresh high of Rs 1,83,000 and silver of Rs 4,

With prices near record levels, retirees have some big choices to make regarding their gold investments.

For decades, gold followed a familiar rhythm. Prices rose when fear spiked, fell when calm returned. When gold rallied too far, supply or selling pressure would bring it back down. That framework is now breaking.

Gold’s record plunge as precious metals and growth stocks pull back today, Jan. 30, 2026. The S&P 500 ( ^GSPC 0.43%) fell 0.43% to 6,939.03 and the Nasdaq Composite ( ^IXIC 0.94%) dropped 0.94% to 23,461.82 on tech and growth weakness. The Dow Jones Industrial Average ( ^DJI 0.36%) slipped 0.36% to 48,892.47 as risk assets sold off broadly.

Gold prices extended losses amid a broader selloff across metals markets, pressured by a firmer U.S. dollar and profit-taking.