Mumbai, January 29, 2026: The Indian financial landscape witnessed a session of high volatility on Thursday as domestic equity markets staged a late recovery after a sharp morning plunge. The BSE Sensex maintained its footing to settle around the 82566 level, while the NSE Nifty 50 traded near 25419, successfully recovering from earlier intraday lows that saw the indices drop over half a percent.
In the bullion market, gold prices experienced a dramatic surge, reaching a new historic peak with 24-carat gold priced at approximately 1,78,980 rupees per 10 grams and 22-carat gold at 1,63,950 rupees. Silver also recorded an extraordinary rally, crossing the milestone of 4,00,000 rupees per kilogram as safe-haven demand intensified, with city-specific rates in Mumbai touching 4,10,000 rupees.
The Indian rupee felt the weight of persistent dollar demand and foreign fund outflows, touching an all-time low of 92.00 against the US dollar before seeing slight interventions to settle near 91.98.
On the global front, energy markets were impacted by geopolitical tensions and US warnings regarding supply chains, causing Brent crude oil prices to climb toward 67.87 US dollars per barrel, further influencing domestic inflation expectations.
