Nirmala Sitharaman says gold price volatility exists due to global uncertainty: ‘Investors do not have confidence in…’
Published on 02/02/2026 03:42 PM
Union Finance Minister Nirmala Sitharaman said that the volatility in gold prices is arising due to the global uncertainty looming over the commodity market investors, reported the news agency PTI on Monday, 2 February 2026.
“Volatility in gold prices exists because of global uncertainty, shows investors do not have confidence in any particular currency,” said FM Sitharaman, according to the agency report.
She also said that the Union Budget focused on investment as a priority tool for sustaining growth, targets labour-intensive sectors, while the STT hike on F&O is a sort of deterrence so that people do not go headlong in speculative derivative trading.
The Finance Minister also said that the pace of disinvestment, asset monetisation to continue, it will encourage more public floating of CPSEs.
(This is a developing story. Please check back for updates.)
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