Gold, Silver Rate Today HIGHLIGHTS: Gold and silver prices on Multi Commodity Exchange of India (MCX) extended losses on Sunday, in a special trading session being conducted on account of Budget 2026.
Union Finance Minister Nirmala Sitharaman presented the Union Budget 2026-2027 in the Lok Sabha today. While the Indian stock market crashed, gold and silver prices also ended sharply lower.
MCX gold price for April futures contracts opened 0.48% lower at ₹1,51,610 per 10 grams as against its previous close of ₹1,52,345 level. Selling in the yellow metal intensified and MCX gold rate ended lower by ₹4,242, or 2.87%, at ₹1,48,104 per 10 grams.
MCX silver price for March futures expiry opened ₹7,099, or 2.43%, lower at ₹2,84,826 per kilogram as against its previous close of ₹2,91,925 level. However, MCX silver price hit 9% lower circuit as selloff accelerated. The white metal price closed at 9% lower circuit of ₹2,65,652 per kg, down by ₹26,273.
The trading in commodity market was open for the morning session from 9:00 AM to 5:00 AM, while the market is closed for the evening session.
Gold, Silver Prices See Biggest Crash
MCX gold and silver prices crashed on Friday as investors booked profits amid a global selloff triggered by a stronger US dollar.
MCX gold rate cracked by ₹33,113, or 18%, to close at ₹1,50,849 per kg on Friday, while MCX silver rate slumped by ₹1,07,971, or 27%, to ₹2,91,922 per 10 grams.
Global Gold, Silver Prices
In the international markets, gold prices slumped more than 12% to below $5,000 an ounce in its biggest daily decline since the early 1980s. Silver prices plunged more than 36%, a record intraday decline, as the selloff swept through the broader metals markets.
The gold and silver prices’ fall was triggered by a surge in US dollar after a report the Donald Trump administration was preparing to nominate Kevin Warsh for the US Federal Reserve chair, a move later confirmed.
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