Gold and silver prices soar, stock market crashes

January 23, 2026

The market situation at the beginning of 2026 is similar to that of last year. Gold is selling at over Rs 1.50 lakh per ten grams and silver at Rs 3.19 lakh per kilogram. In this situation, those who had accumulated gold and silver for generations have suddenly become wealthy.

A new trend has emerged in the country: sell in the stock market and invest in gold and silver. The huge profits from the stock market and mutual funds are plummeting due to market fluctuations. This stock market crash and the decline in share prices are nationwide. On Wednesday, investors lost Rs 6 lakh crore in a single day. The fear of trade tensions in the US and Europe is also a contributing factor.

The US and Europe have always been trading partners. Their markets have been open to Indian traders without restrictions. Indian investors have earned the most money from Europe and the US. But now, due to Mr. Trump’s threats to European countries and NATO, selling in the stock market has increased. Share prices have started to fall. The return on investment has decreased to approximately 8 percent, which has further increased selling. This percentage return can be easily obtained by investing in fixed deposits in banks. As selling increases, the stock market is bleeding. The quarterly results have also not provided any strong direction for the stock market.

US President Trump’s tariff war is one of the reasons. The impact of tariffs has severely affected our export industries. The government claims that the increase in tariff rates has not affected India’s exports. However, it has certainly affected exports to the US. It is also true that the Indian government, sensing this threat, is entering into free trade agreements with other countries. Meanwhile, India wants to increase trade with Russia and China but does not want to join their trade bloc. This is a sound policy because, to a greater or lesser extent, we cannot ignore our trade relations with the US.

Therefore, due to global tensions and tariff uncertainty, the stock market appears to be plummeting. In such a situation, we can only hope for stability in the world and for President Trump to exercise sound judgment in trade matters.