Gold and Silver Prices to Remain Strong Amid Global Tensions and Budget 2026

• Gold and silver prices are predicted to remain strong next week due to global uncertainty, US trade tariff issues, Federal Reserve policy, and geopolitical tensions.
• Experts anticipate a rise in precious metal prices as weaker economic indicators could lead to Federal Reserve interest rate cuts by year-end.
• The upcoming Union Budget 2026-27 on February 1 could significantly impact domestic gold and silver markets through changes in import duties and tax structures.
• Last week, gold and silver hit new records on MCX, with gold up 9.5% and silver crossing Rs 3 lakh/kg, driven by strong fundamentals and safe-haven demand.
• International markets also saw record highs for gold and silver, as investors moved away from risky assets due to US-Iran tensions, European and Middle Eastern geopolitical risks, and global economic slowdown fears.

Why It Matters: Global tensions and economic indicators point to continued strength in gold and silver prices, with potential for further gains.