NEW DELHI: Gold and silver prices plunged up to 9 per cent in futures trade on Sunday, hitting their lower circuit levels ahead of the Union Budget for 2026-27, as investors extended profit booking after the recent record-breaking rally.
Finance Minister Nirmala Sitharaman will present the FY27 budget in Parliament later in the day.
The rout extended for the second straight day, with the April contract for gold futures declining Rs 13,711, or 9 per cent, to Rs 1,38,634 per 10 grams, touching its lower circuit level in the futures trade on the MCX.