Silver Prices Crash by Rs 71,000 in Two Days, Market Shocked on Budget Day
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Moneycontrol•01-02-2026, 14:09
Silver Prices Crash by Rs 71,000 in Two Days, Market Shocked on Budget Day
- •Silver prices witnessed a significant drop on Budget day, opening at Rs 2.74 lakh per kilogram on MCX.
- •A fall of Rs 26,273 per kilogram was recorded today, following a Rs 45,000 drop on Friday.
- •Overall, silver has become cheaper by Rs 71,000 in just two days of trading sessions.
- •Compared to its peak, silver is now Rs 1,34,000 cheaper per kilogram.
- •In major cities like Delhi, Mumbai, and Jaipur, silver is currently priced around Rs 3,50,000 per kilogram.
Why It Matters: Silver prices plummeted by Rs 71,000 in two days, shocking the market on Budget day.
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