Gold and silver prices crashed ahead of the Union Budget 2026, causing panic in the commodity market. Gold futures continued to fall by up to 9% for the second day in a row, while silver prices crashed even harder.
On Saturday, 24-carat gold fell by around 5.4% to ₹1,69,470 per 10 grams in the domestic market. In futures trading, gold futures crashed by a massive amount, falling to around ₹1,38,634 per 10 grams. International gold prices also crashed by over 9% to USD 4,887 per ounce.
Silver prices crashed even harder, falling by nearly 19% to ₹3.12 lakh per kg in the national capital. According to the All India Sarafa Association, the massive crash wiped out most of the gains made earlier this week.
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