Commodities

Developments surrounding US-Iran negotiations, movement in crude oil prices and key global economic data are expected to steer gold and silver prices next week, analysts said. The focus will squarely be on talks scheduled in Burgenstock, Switzerland, where US Vice President J D Vance is expected to lead discussions with Iranian officials to build on last week's framework agreement aimed at ending hostilities and reviving nuclear negotiations. Analysts said the outcome of the talks could influence risk sentiment and energy markets, with implications for bullions. Domestic commodity markets will remain closed during the morning session on Friday on account of Muharram. "Gold and silver momentum looks sideways/corrective as focus will remain on the negotiation between Washington and Tehran and also on the flow of crude oil, LNG and raw materials from the Strait of Hormuz," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. The precious .

Shipping data firm Kpler estimates that daily transits may rise to around 40 vessels within the first month - less than half the pre-war average of 100, says Mohammed Imran, of Mirae Asset Sharekhan.

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The industry body is framing a code of conduct, audit norms. and customer protection standards while seeking formal recognition from ministries, said Chairperson Nirupama Soundararajan

Gold is expected to range trade with a bearish bias with a possible test of $4600 unless the US and Iran make material progress towards resolving the conflict through diplomatic channels.

Commodity research analyst Nirpendra Yadav at Bonanza believes that the pullback in Gold and Silver prices is due to weak buying momentum, hence they may struggle to extend gains.

Yellow metal trading at a huge discount of Rs 2,000 per 10 gram in the Mumbai spot market

A broader escalation-including the potential closure of the Red Sea chokepoint by Yemen's Houthis-would likely push both Brent and WTI to new cycle highs

Borrowers asked to pledge additional gold or repay loans as lenders monitor LTV breaches amid price correction and rising volatility in the gold market

Gold prices snapped a four-day losing streak and climbed Rs 1,200 to Rs 1.44 lakh per 10 grams in the national capital on Tuesday, while silver remained flat at Rs 2.30 lakh per kilogram, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 1,43,600 per 10 grams (inclusive of all taxes) on Monday. Traders attributed the rebound in domestic gold prices to a recovery in global commodity markets and some buying at lower levels after recent sharp declines. In the international markets, spot gold rebounded after nine sessions of losses, rising USD 16.96, or 0.38 per cent, to USD 4,423.83 per ounce, while silver was trading 1.03 per cent higher at USD 69.86 per ounce. "Spot gold, after falling for nine straight days, is trading steady at around USD 4,420 per ounce in the overseas trade on cautious optimism about the Iran war as the US President Donald Trump declared a five-day ceasefire on strikes against energy installations in Iran,

The damaged LNG trains represent a structural hole in global supply that no amount of diplomatic goodwill can close before the 2026-27 winter

Sharp rise in OIS rates suggests markets are pricing in possible RBI rate hikes this year if elevated crude oil prices sustain inflationary pressures

Rising oil prices and a stronger dollar are limiting gold's safe-haven appeal as markets reassess Fed rate cut expectations

Silver prices are expected to remain volatile as surging oil lifts the dollar and reduces Fed rate-cut hopes, while Iran war tensions keep markets on edge

Market participants turn cautious amid high LNG prices and supply regulation as West Asia conflict disrupts gas shipments and fuels uncertainty

Tata Mutual Fund advises staggered investment in gold and silver as the Iran conflict fuels geopolitical uncertainty and strengthens safe-haven demand

Saudi Arabia is reducing output by as much as 2.5 million barrels a day, joining United Arab Emirates, Iraq and Kuwait in deepening cuts, Bloomberg reported on Tuesday

The retail prices of petrol and diesel currently stand at ₹94.77 per litre and ₹87.67 per litre, respectively, in Delhi, compared to ₹110.04 per litre and ₹98.42 per litre, respectively, in Nov 2021

The "war premium" has pushed Brent crude toward the $100 per barrel threshold, reigniting stagflation ary fears that central banks thought they had conquered

In an extreme conflict scenario, Brent could feasibly spike above $100/bbl, as the market accounts for the loss of Iranian supply and the increased costs of rerouting global flows