Akhilesh links rising gold, silver prices to BJP's ‘new economic concept of corruption’

Samajwadi Party main Akhilesh Yadav connected Tuesday (January 20, 2026) claimed that the crisp emergence successful golden and metallic prices was owed to the "corrupt BJP's caller economical concept" of converting ill-gotten gains successful the signifier of currency into precious metals.

In a station successful Hindi connected X, the erstwhile Uttar Pradesh Chief Minister said, dissimilar mean economical principles, rising prices of these metals were starring to higher request alternatively than curbing it, and termed it "solidification of corruption" nether the BJP rule.

"The corrupt BJP's caller economical concept. Solidification of corruption = Converting wealth earned done corrupt means, successful the signifier of liquid cash, into precious metals. The solidification of corruption is simply a caller economical conception nether BJP rule, wherever a emergence successful terms does not alteration demand, but alternatively increases it. This accrued request past leads to a further summation successful price," Mr. Yadav said.

The SP main alleged that the surge successful the prices of precious metals had superior societal consequences, starring to a emergence successful incidents of theft, burglary, robbery, and snatching successful homes, neighbourhoods, shops and markets, and requiring further information forces.

"This puts further unit connected the already anemic constabulary strategy nether BJP rule, resulting successful highly ineffective policing and making transgression elements adjacent much active," Mr. Yadav said.

"If you don't judge this, person an investigation of this terms summation conducted with the assistance of AI," the SP main said.

Silver prices soared to breach the ₹3 lakh-per-kg-mark for the archetypal clip successful futures commercialized connected Monday (January 19, 2026), arsenic escalating commercialized tariff tensions implicit Greenland and a anemic U.S. dollar boosted request for the safe-haven asset.

On the Multi Commodity Exchange (MCX), metallic futures zoomed by ₹16,438, oregon astir 6%, to deed a grounds of ₹3,04,200 per kg. Gold prices besides strengthened successful tandem, scaling caller grounds highs.

The yellowish metallic for the February declaration precocious by ₹2,983, oregon 2.09%, to ₹1,45,500 per 10 g. Over the erstwhile week, golden added ₹3,698, oregon 2.7%, connected the MCX.