Gold, Silver Prices Crash Globally After CME Group Hikes Margins
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CNBC Awaaz•01-02-2026, 07:20
Gold, Silver Prices Crash Globally After CME Group Hikes Margins
- •CME Group announced a significant increase in margins for gold (6% to 8%) and silver (11% to 15%) effective February 2, 2026.
- •The margin hike led to widespread panic and profit-booking among investors, impacting international and Indian markets.
- •MCX gold futures plummeted by over Rs 20,000 per 10 grams, closing at Rs 1,49,075, a 12% drop.
- •MCX silver prices crashed by approximately 27%, losing over Rs 1 lakh per kilogram in a single session.
- •Experts predict continued volatility and potential long-term decline for gold, with a possible fall to $3,800 per ounce by October 2026.
Why It Matters: CME Group's margin hike triggered a global gold and silver price crash, signaling potential long-term market correction.
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