Bengaluru gold and silver prices see sharp correction on January 30

Gold falls sharply in Bengaluru, silver slips below ₹4 lakh; experts advise 70% in gold, 30% in silver to balance safety with higher return potential

Gold and silver prices witnessed a sharp correction in the city on January 30, offering a mix of relief and renewed questions for investors and jewellery buyers alike.

According to local bullion traders, 22-carat gold dropped by ₹7,500 to ₹1,56,400 per 10 grams, while 24-carat gold  Gold ,fell by ₹8,230 to ₹1,70,620 per 10 grams. The decline was also visible in 18-carat gold, which slipped by ₹6,170 to ₹1,27,970 per 10 grams, with bulk purchase rates reportedly seeing even steeper reductions.

Silver prices mirrored the downward trend, tumbling by ₹15,000 per kilogram to ₹3,95,000. For smaller buyers, the metal also became cheaper by ₹1,500 per 100 grams, now priced at ₹39,500.

The sharp correction has reignited the long-standing debate among investors over whether to favour gold or silver. Market participants note that silver’s strong industrial demand, driven by growth in solar power, electric vehicles and electronics manufacturing, could translate into higher long-term percentage returns.

Gold, however, continues to be viewed as a traditional safe-haven asset, particularly during periods of global economic and geopolitical uncertainty. Its relative price stability and liquidity make it a preferred choice for conservative investors seeking steady returns.

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Experts are cautioning against concentrating investments in a single metal. Instead, they recommend diversification as a strategy to balance risk and reward. A commonly suggested allocation is 70 per cent in gold and 30 per cent in silver, which is seen as offering a blend of security and growth potential.

For Bengaluru buyers, analysts believe the current dip presents an opportunity to accumulate both metals gradually rather than attempting to time the market bottom

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