By Admin 
Union Budget 2026 Gold Impact: There has been a tremendous rise in the prices of gold and silver in the last few days. Gold futures with expiry of February 5, 2026 on Multi Commodity Exchange (MCX) closed at Rs 1,56,037 (per 10 grams) on Friday. Whereas the silver futures of March 5, 2026 ended the day trading at Rs 3,34,699.
The country’s Union Budget is going to be presented on February 1 amid rising prices of gold and silver. Common people have many expectations from this time’s budget. People are hoping that the government can reduce the prices of gold and silver in this year’s budget while paying attention to their pockets.
What are the expectations from the government?
At present, the government levies 3 percent GST on jewelery in the country. Now there is a demand to reduce it, so that the common people can get some relief amid the continuously rising prices of gold and silver. If the GST rate is reduced, its direct impact can be seen on the prices of jewellery. People are hoping that the government can provide relief to them by changing the GST on gold.
Along with this, some new steps are also expected from the government in the budget to increase awareness about digital gold. Experts who have understanding of the subject believe that the government can make some changes in the upcoming budget which will promote the export of gold and silver. So that there can be some reduction in the prices of these precious metals.
Reason for rise in gold and silver
The effect of the unstable situation arising at the international level is directly visible on the prices of gold and silver. Reasons like tension related to Greenland, weakness in the rupee and increasing pressure on the US Federal Reserve have increased the uncertainty in the market.
In such an environment, investors give preference to gold and silver as safe investments and invest in these assets. For this reason, market experts believe that the government should give some relaxation in tax rules in the budget. So that common people can get some relief.
Latest gold price in major cities
Today, on Sunday, January 25, the prices of gold (per 10 grams) remain at different levels in major cities of the country. In Delhi, 24 carat gold is available at Rs 1,60,410 and 22 carat gold at Rs 1,47,050. Whereas in Mumbai, the price of 24 carat has been recorded at Rs 1,60,260 and the rate of 22 carat has been recorded at Rs 1,46,900.
On the other hand, in Chennai, 24 carat gold is being sold at Rs 1,59,490 and 22 carat gold is being sold at Rs 1,47,500. In Kolkata, the price of 24 carat is Rs 1,60,260 and the rate of 22 carat is Rs 1,49,900.
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