This is the best 12-month period for gold in the international market since May 2006 when yellow metal had rallied 54.6 per cent between May 2005 and May 2006
Import of Russian oil rose 7.3 per cent to 1.76 million bpd, raising its share marginally to 36 per cent while OPEC's share slipped slightly to 48.5 per cent, the data showed
Globally, spot gold appreciated by USD 13.67 or 0.43 per cent to USD 3,224.60 per ounce. Also, Comex gold futures for June delivery went up 0.47 per cent to USD 3,241.50 per ounce
Oil prices: The 90-day relief on reciprocal tariffs could see crude oil prices edging a bit higher towards $65. However, overall, we expect prices to trade range bound between $65-$58
The bank also noted a surge in gold ETF inflows, driven by fears of a recession, with its economists assigning a 45 per cent probability to a US recession in the next 12 months
Rebounding after four days of sharp fall, gold of 99.5 per cent purity surged by Rs 6,250 to touch an all-time high of Rs 96,000 per 10 grams against the previous close of Rs 89,750 per 10 grams
