Indian gold and silver futures continued to decline on Sunday, when trading was open for the Budget day.
At 1245 hours, gold April futures on MCX dropped by ₹5,481 to ₹1,46.864 per 10 gm. Silver March futures plunged by ₹26,125 to ₹2,65,800 a kg.
The price fall in the futures market is in line with the crash that was witnessed on Friday in the global market. Gold, which soared to $5,608 an ounce earlier in the week, plunged to $4,887 at the end of trade on Friday. On COMEX, gold April futures ended at $4,763.
Silver, which peaked at $122 an ounce earlier in the week, plunged to $84.63 an ounce. Silver March futures closed even lower at $78.32 an ounce.
Published on February 1, 2026
