# CIBC

Queues at the Gold Counter: Beijing’s Elders ‘Buy the Dip’ as Gold and Silver Suffer Historic Plunge

A historic intraday crash on 30 January 2026 sent gold down as much as 16% and silver near 36%, triggering panic among leveraged and late-entry investors. In Beijing, elderly retail buyers queued at Caibai stores to purchase physical gold, while institutions and exchanges tightened margins and market participants debated whether the rally can resume or a deeper correction is underway.