Gold Slips: Down Rs 4,000 in Biggest Single-Day Fall
Decline in precious metals prices has come in the wake of improved equity market investor sentimexnts following the softening of Trump's stance on Greenland
Jan 23, 2026 - Gold and silver prices had been rallying over the past few days, but on Thursday (January 22), both metals witnessed a sharp decline in a single session. In Jaipur, gold dropped Rs 4,000 from its record high to settle at Rs 1.56 lakh per 10 grams. This marks the biggest single-day fall in gold prices so far. Earlier, on January 21, gold had touched Rs 1.60 lakh per 10 grams.
Similarly, silver prices also fell sharply by Rs 4,000 per kilogram in a single day, coming down to Rs 3.18 lakh per kg. Earlier, silver had reached a record high of Rs 3.22 lakh per kg in Jaipur.
This dip is being seen as a result of the recent change in the tone of US President Donald Trump regarding his stand on Greenland. The softening of his stance on taking over Greenland has given a boost to the equity market resulting in the decline of the safe-haven precious metal prices.
Over the past year, gold and silver prices have largely remained on an upward trend, except for a few brief corrections. Both metals have delivered strong returns to investors. In the last one year, silver has delivered a return of 231.05%, while gold has gained 90.21%.
In January, silver has become costlier by Rs 69,291 (30.07%), while 24-carat gold has risen by Rs 17,933 (13.46%) per 10 grams.
Source: Media Reports
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