Budget 2026: Gold and Silver Prices Fluctuate, Industry Eyes Stability

• After Budget 2026-27, gold and silver prices in the Indian bullion market saw significant fluctuations, with a sudden drop after touching record highs.
• On Sunday, 24-carat gold in Delhi was Rs 16,073 per gram; prices varied across major cities like Mumbai, Chennai, and Ahmedabad.
• Jewelry industry experts, like Dishi Somani, believe policy continuity and pro-business conditions in the budget will stabilize the market.
• The budget's focus on MSMEs is expected to promote transparency, design innovation, and responsible sourcing in the jewelry sector.
• Silver plunged 15% from its peak, and gold also corrected, attributed to a strengthening dollar and profit booking, but experts anticipate market stabilization.

Why It Matters: Budget 2026 led to gold and silver price volatility, but industry experts foresee market stability and growth.