Jalgaon Bullion Market Shaken: Gold, Silver Prices Plummet Post-Budget
Money
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News18•01-02-2026, 15:14
Jalgaon Bullion Market Shaken: Gold, Silver Prices Plummet Post-Budget
- •Gold prices, which had surged to Rs 1.55 lakh per 10 grams, saw a drop of Rs 5,000 after the budget presentation, bringing relief to consumers.
- •Silver prices, previously at Rs 4 lakh, plummeted by nearly Rs 1 lakh in three days, settling at Rs 3.05 lakh, with an additional Rs 25,000 drop today.
- •Swaroop Lunkad, Secretary of the Jalgaon Sarafa Association, highlighted the volatility, noting silver's rapid rise and fall, similar to 2011.
- •Investors are advised to exercise extreme caution due to the market's instability, with rapid price fluctuations causing tension and fear of further recession.
- •Uncertainty surrounding Trump's policies is also contributing to the market's apprehension.
Why It Matters: Jalgaon's bullion market experienced significant post-budget price drops for gold and silver, urging investor caution.
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