Gold and silver prices plunge after Budget 2026 announcement
after close1 source ↓written by the desknot a recommendation
- at ₹1
- 0.48% lower
- further declined
- 3%
- as selling pressure
- 9%
Gold and silver prices on the Multi Commodity Exchange (MCX) fell sharply following the presentation of the Union Budget 2026-2027. MCX gold for April futures opened 0.48% lower at ₹1,51,610 per 10 grams and further declined by 3%. Similarly, MCX silver for March futures opened at ₹2,84,826 per kilogram, down 9% as selling pressure intensified.
The significant drop in precious metals reflects investor reactions to budget announcements and could impact trading sentiment in the commodity market.
Not investment advice. For informational purposes only.