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News India Live, Digital Desk: If you were planning to buy gold or silver for the wedding season, then today is no less than a lottery for you. Such a historic fall has been recorded in the prices of gold and silver in the Indian Bullion Market (MCX) today i.e. on 5 February 2026, which has surprised investors and common customers. While there has been a huge dent in the prices of silver by more than ₹ 24,000, gold has also become cheaper by ₹ 4,500 per 10 grams. Mayhem in silver: Fall of more than ₹ 24,000 in a single day. Today, a big ‘Black Thursday’ was seen in the prices of silver on Multi Commodity Exchange (MCX). Silver, which closed at ₹2,68,850 per kg on Wednesday, fell straight to ₹2,44,654 as it opened on Thursday morning. Silver fell by ₹ 24,196 in just a few hours of trading. Let us tell you that on January 29, silver had made its all-time high of ₹ 4,20,048. Compared to that record level, silver has become cheaper by about ₹ 1.75 lakh per kg till now. Gold also became cheaper: Big cut of ₹ 4,500. The shine of gold also seemed dull today. April expiry gold (24 carat) on MCX fell to ₹ 1,48,455 per 10 grams from Wednesday’s closing price of ₹ 1,53,046. That means a direct fall of about ₹ 4,591 was recorded in the prices of gold. From its record high of ₹ 1,93,096 (January 29), gold is getting cheaper by about ₹ 44,600 till now. Why such a big fall in the market? Market experts believe that there are mainly three big reasons behind this ‘crash’: Profit booking on a large scale: After the prices reached record levels in the last week of January, investors have started booking profits extensively. International pressure: Strength of the US dollar and policies of the Federal Reserve. Due to this, the demand for precious metals has decreased in the global market.Reducing tensions: Due to some easing in geopolitical tensions at the global level, the demand for gold as a ‘safe haven’ has decreased.What is the advice for buyers?Experts say that this decline in prices is a great opportunity for those who want to invest for a long time or want to get jewelry made for weddings at home. However, fluctuations in the market may continue, so take expert advice before investing.