Gold Records Largest Single-Day Drop in 40 Years, Silver Plunges Over 36% to Set Record

Odaily News On January 30th, gold experienced its largest decline in 40 years, while silver recorded its largest intraday drop in history. The spot price of gold fell by over 12% at one point, hitting a low of $4,682 per ounce, marking the largest single-day drop since the early 1980s. By the close, spot gold was down 9.25% at $4,880 per ounce.

Spot silver plummeted by over 36% at one point, setting a record for its largest intraday decline, with the lowest point reaching $74.28 per ounce. By the close, spot silver was down 26.42% at $85.259 per ounce.