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Before the presentation of the budget, the price of gold and silver fell sharply, silver became cheaper by Rs 27 thousand.
Samira Vishwas | February 1, 2026 1:24 PM CST

Gold Silver Rate Today: There has been a stop to the continuously rising prices of gold and silver. There has been a huge decline in the prices of silver and gold for the last two days.

gold and silver became cheaper

Gold Silver Rate Today: Today on 1st February, the general budget of the Government of India is being presented. Even before the presentation of the budget, the prices of gold and silver fell drastically. As soon as trading started on Multi Commodity Exchange (MCX), the price of gold has come to the level of around Rs 1.40 lakh per 10 grams. Whereas, silver is trading around Rs 2.74 lakh per kg. On Friday too, a huge fall was recorded in the prices of silver and gold.

After Friday, the price of gold and silver fell drastically even today in one fell swoop. On Friday, silver had fallen almost 30 percent below its all-time high. Whereas about 17 percent decline was recorded in gold. Even on Sunday, as soon as the market opened, the price of gold and silver fell in the commodity market. That is, the gold and silver market opened with the decline.

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