Gold price updates: Yellow metal 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

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