Gold and Silver Prices Drop: Bullion Market Crashes Under International Pressure, Gold and Silver See Historic Decline
The impact of weakness in global markets and the strengthening US dollar is now clearly visible in the Indian bullion market. Precious metals had been experiencing fluctuations for the past few days, but the sharp decline on Saturday surprised investors. Both gold and silver traded under pressure on the Multi Commodity Exchange (MCX).
Gold Price Falls by Rs 14,000 in a Single Day
On Friday, gold was trading at around Rs 1.63 lakh per 10 grams on the MCX. However, on Saturday, gold slipped to around Rs 1,49,075 per 10 grams in the domestic futures market. This means that the price of gold registered a significant drop of approximately Rs 14,000 in just one trading session.
Profit Booking in Silver, Price Falls by Rs 88,000
Silver investors also suffered a major blow. On Friday, silver was trading at around Rs3.79 lakh per kilogram on the MCX, which fell to Rs 2,91,922 per kilogram on Saturday. According to market experts, profit booking has become dominant in silver after the recent sharp surge.
Strong Dollar, Investors Cautious Before Budget
Experts say that weakness in international gold and silver prices, the strengthening dollar, and caution ahead of Union Budget 2026 have weakened market sentiment. The decreased demand for safe-haven investments has put pressure on precious metals, the effect of which is clearly visible in the domestic market.
Note: This article is for informational purposes only and should not be considered as investment advice in any way. we advise our readers and viewers to consult their financial advisors before making any financial decisions.