📉 Gold & Silver Prices Plunge on Union Budget 2026 Day
Gold and silver markets experienced sharp declines today as investors reacted to global volatility and India’s Union Budget announcements. Heavy selling pressure in MCX futures pushed prices to lower circuit levels.
Key Facts:
Gold futures fell over 6%, wiping out recent gains
Silver prices plummeted sharply, hitting lower circuit limits
Downturn fueled by global overnight sell-offs and USD strength
Budget-related speculation on taxes and import duties added to risk-off sentiment
Expert Insight:
While short-term volatility is high, gold and silver remain core safe-haven assets, and dips could present opportunities for strategic accumulation, especially if global macro conditions stabilize.
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