Gold Prices Surge on Budget Day: 24-Carat Gold Up ₹320, Silver Jumps ₹15000 in a Week
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Moneycontrol•01-02-2026, 07:47
Gold Prices Surge on Budget Day: 24-Carat Gold Up ₹320, Silver Jumps ₹15000 in a Week
- •24-carat gold increased by ₹320 and 22-carat gold by ₹300 in the last week.
- •On Budget Day, February 1, 24-carat gold is ₹160730 per 10 grams in Delhi and ₹160580 in Mumbai.
- •Silver prices surged by ₹15000 in a week, reaching ₹350000 per kilogram on February 1.
- •Finance Minister Nirmala Sitharaman will present the Union Budget for the 9th consecutive time at 11 AM.
- •The gems and jewelry sector demands reduced import duty, procedural reforms, and lower GST on gold and silver.
Why It Matters: Gold and silver prices have significantly risen ahead of the Union Budget, with the industry seeking reforms.
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