Gold-Silver Prices Crash Before Budget: What's Next for Investors?
Share Market
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CNBC Awaaz•01-02-2026, 07:52
Gold-Silver Prices Crash Before Budget: What's Next for Investors?
- •Gold and silver prices saw a massive crash ahead of Union Budget 2026, with gold falling 13% and silver 21% from recent highs.
- •The decline is attributed to speculation about a 'hawkish' US Federal Reserve chairman and subsequent selling in gold and silver ETFs.
- •Shares of gold financing companies like Muthoot Finance and Manappuram Finance, along with silver producer Hindustan Zinc, plunged.
- •Experts view the crash as profit-booking after a record rally, not fundamental weakness, suggesting it could be a buying opportunity.
- •Future price movements will depend on US labor market data, domestic budget announcements, and potential changes in import duties.
Why It Matters: Gold and silver prices crashed before the budget, impacting related stocks, but experts see it as a buying opportunity.
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