Gold Prices Plunge by ₹20,000 Pre-Budget: Buy Now or Wait for Policy Changes?
Budget
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CNBC Awaaz•01-02-2026, 07:48
Gold Prices Plunge by ₹20,000 Pre-Budget: Buy Now or Wait for Policy Changes?
- •Gold prices have dropped by approximately ₹20,000 recently, sparking market interest.
- •Experts attribute the fall to global market weakness, a stronger dollar, and investor profit-booking.
- •24-carat gold is currently priced between ₹16,900 and ₹17,200 per gram in many cities.
- •Uncertainty surrounds the budget, with potential tax or import duty changes impacting future prices.
- •This presents a significant opportunity for buyers, but budget announcements could lead to further fluctuations.
Why It Matters: Pre-budget gold price drop offers a buying opportunity, but future prices hinge on budget announcements.
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