Gold Price Update

📉 Gold Price Update – Recent Trend

📅 Date: January 30, 2026
💰 Current Spot Price: $4,893.20 per ounce
🔻 Change: Down $434.45 (≈ –8.15%)

📊 Market Movement (24-hour view)

The gold price started higher above $5,200/oz earlier in the session.

A noticeable downward trend occurred throughout the day.

Prices dipped to the $4,770–4,800/oz area.

A late bounce brought it slightly higher but still closed substantially lower.

Silver prices plunged sharply today, with major sell-offs in the precious metals market alongside gold. Silver dropped more than 25 %–30 % within the session, one of its steepest declines in decades, while gold also suffered a significant fall. Analysts say the move came as traders booked profits after recent record highs, and was further influenced by shifts in monetary policy expectations.

📌 What’s behind the drop

Silver’s price crash is being attributed to profit‐taking after historic gains and technical selling pressure.

Some reports link the sell-off to investor reaction to Fed leadership changes, which affected expectations for interest rates and the U.S. dollar.

At one point earlier in the day, silver was reported trading sharply lower from its previous session’s price.

📉 Market Sentiment

Traders have expressed caution as volatility spiked and leveraged positions unwound, raising questions about whether this is a correction or the start of a deeper trend.