The Union Budget 2026 raised STT on futures and options from April 1, 2026. ICRA expects a 16 percent rise in STT collections in financial year 2027. Derivatives volumes cross 500x GDP in India hence the government said the move aims to curb excessive speculation

Gold and silver prices extended their decline on Monday after a sharp fall on Budget Day, weighed down by CME margin norms, a stronger dollar, higher US yields and hawkish Fed leadership expectations