Gold, silver slide ahead of Union Budget 2026: prices swing nationwide
Gold, silver slide ahead of Union Budget 2026: prices swing nationwide
Gold and silver prices edge lower as Union Budget 2026 unfolds, with Delhi and Chennai showing notable price spreads across metro markets.
Gold and silver price today LIVE: In metro cities like Delhi, Mumbai, Bengaluru and Kolkata, gold prices hovered around ₹1,69,300 per 10 grams, and the highest rate for 24 Karat gold was seen in Chennai, at ₹1,73,010 per 10 grams. On MCX, 24-carat gold fell to ₹1,36,185 per 10 grams, down from an opening price of ₹1,46,800 per 10 grams on Sunday, the day of the Union Budget 2026, signaling heavy selling and sharp price swings during the session.
Prices of silver remained largely unchanged, with a little uptick from Saturday. The highest silver rate was seen in Chennai at ₹4,18,900. In Delhi, Mumbai and Pune, prices hovered around ₹4,10,000.
Meanwhile, finance minister Nirmala Sitharaman presented the Union Budget for the ninth time in a row today, with her budget speech starting at 11 am and lasting about 1.5 hours. The new rates come a day after gold prices reportedly slid ₹3,500, or 2.07 per cent, to ₹1,65,500 per 10 grams (inclusive of all taxes). Key announcements can be tracked live here.
Market watchers say the price moves reflect a mix of budget-driven volatility and global cues, as investors weigh fiscal measures against prospects for demand in a typically price-sensitive market. For consumers looking to buy, the day’s volatility underscores the importance of checking MCX quotes alongside local city rates before making purchases.
As the session closes, gold and silver sentiment remains cautious, with many traders awaiting cues from upcoming budget-related announcements and global market trends.}
