Gold Prices: Correction Expected Post-Budget, Experts Predict Minor Changes
Money
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News18•31-01-2026, 18:18
Gold Prices: Correction Expected Post-Budget, Experts Predict Minor Changes
- •Union Finance Minister Nirmala Sitharaman will present the Union Budget on February 1, 2026, with gold and silver prices being a key focus.
- •24-carat gold on MCX is at a record high of Rs 1.49 lakh per 10 grams, and silver at Rs 2.91 lakh per kilogram, showing significant increases since the last budget.
- •Experts anticipate low probability of major changes in customs or import duty on gold, as previous duty cuts led to record imports.
- •The budget might focus on increasing transparency through reporting and disclosure, such as mandatory gold jewelry information in ITR Schedule AL and self-reporting systems.
- •While a minor correction in prices is possible post-budget, experts expect gold to recover in the medium term, driven by global factors rather than budget announcements.
Why It Matters: Gold prices may see a minor correction post-budget, but major policy changes are unlikely; focus will be on transparency.
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