Gold, Silver Prices Plummet: Mirzapur Bullion Market Faces Slowdown, Traders Blame Global Policies
Mirzapur
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News18•31-01-2026, 12:09
Gold, Silver Prices Plummet: Mirzapur Bullion Market Faces Slowdown, Traders Blame Global Policies
- •Gold and silver prices have seen a significant two-day decline, with gold falling by ₹25,000 and silver by ₹95,000.
- •Mirzapur's bullion market is experiencing a severe slowdown, with customer numbers dwindling and traders struggling to pay salaries.
- •Traders attribute price volatility to global policies, America's hegemony, and China's silver export ban, leading to unsustainable surges.
- •The inflated market 'balloon' is bursting, impacting small traders and artisans, with many shops facing closure.
- •Despite the wedding season, customers are refurbishing old jewelry instead of buying new, indicating a deep recession in the business.
Why It Matters: Mirzapur's bullion market is in recession due to plummeting gold and silver prices, driven by global policies.
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