Gold Trade

Gold and silver may face some selling pressure this holiday-shortened week as traders track peace talks between the US and Iran, crude oil rates and the Federal Reserve's policy decision, analysts said. Domestic commodity markets would remain closed on Friday on account of Maharashtra Day. "Focus in the coming week will remain on the progress in peace talks between the US and Iran, and their potential impact on oil, gold, and broader financial markets," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the macroeconomic front, traders will monitor monetary policy decisions from the US Federal Reserve, Bank of Japan, Bank of England and European Central Bank. Besides this, key US data on housing, Personal Consumption Expenditures (PCE) inflation and consumer confidence, along with factory activity numbers from major economies later in the week, will also guide sentiment, he added. Analysts said the April 29 Federal Open Market ...

The World Gold Council (WGC) has proposed an initiative to build a physically-backed shared infrastructure to advance the growth of digital gold. WGC through a white paper has proposed the concept of 'Gold as a Service', a platform owned and operated by the World Gold Council and built as shared infrastructure that any market participant can access to build digital gold products without needing to develop their own end-to-end systems. While digital gold products exist, they operate across fragmented infrastructure with inconsistent custody standards, redemption terms and governance frameworks, WGC Chief Strategy Officer Terry Heymann told PTI. "The idea behind this initiative is to provide a shared infrastructure which could help gold to play a greater role in the digital economy. This will be backed by physical gold this will be accredited, inspected regularly, with processes in place to make sure that gold has been responsibly sourced and is accounted for," Heymann said. Gold as

The country's gold imports rose 24 per cent to hit an all-time high of USD 71.98 billion in 2025-26 on account of high prices of the precious metal, according to Commerce Ministry data. Gold imports stood at USD 58 billion in 2024-25. It was USD 45.54 billion in 2023-24 and USD 35 billion in 2022-23. In volume terms, imports dipped 4.76 per cent to 721.03 tonnes. It was 757.09 tonnes in 2024-25. Similarly, silver imports jumped about 150 per cent to USD 12 billion in the last fiscal due to higher prices. In volume terms, it rose by 42 per cent to 7,334.96 tonnes in 2025-26. The rise in imports of these precious metals has pushed the country's trade deficit (difference between imports and exports) to USD 333.2 billion during 2025-26, the data showed. Prices of the yellow metal are hovering around Rs 1,56,000 per 10 grams (inclusive of all taxes) in the national capital. Silver was priced at around Rs 2.53 lakh per Kg. Higher "gold import is driven by the rise in prices from USD ..

Gold may rise to $5000 in the short term, though a sustainable extension of the ongoing rally, which has been in place from the cycle low of $4099, will call for an increase in the safe haven appeal

Bullion refiner MMTC-PAMP on Wednesday launched what it called the industry's first organised buyback programme for silver coins, bars and jewellery, initially covering seven cities before a planned nationwide rollout. The service will begin at select exclusive brand stores and purity verification centres in Kolkata, Bhubaneswar, Guwahati, Ludhiana, Ahmedabad, Mumbai, and New Delhi, with an expansion across all its stores planned for the next fiscal year. MMTC-PAMP currently operates 17 gold recycling stores in India and aims to extend its silver buyback service across these centres. Customers can have their silver products melted and tested using XRF technology under security surveillance at the company's purity verification centres. Payment will be made directly to a designated bank account based on prevailing market buyback rates, the company said in a statement. "Indian households collectively hold approximately 35,000 tonnes of gold and much more silver. While silver mine ...

The total above ground stock of gold is large in both physical and financial terms: almost 220,000 tonnes of gold have been mined ever, WGC estimates, valued at nearly $31 trillion at the end of 2025.

The country's gold imports rose 28.73 per cent to USD 69 billion during April-February 2025-26 on account of high prices of the precious metal, according to the Commerce Ministry data. Gold imports stood at USD 53.52 billion in April-February 2024-25. The rise in gold imports pushed the country's trade deficit (difference between imports and exports) to USD 310.60 billion during the 11-months of the last fiscal as compared to USD 261.80 billion during April-February 2024-25, the data showed. Prices of the yellow metal are hovering at around Rs 1,51,500 per 10 grams (inclusive of all taxes) in the national capital. Switzerland is the largest source of gold imports, with about 40 per cent share, followed by the UAE (over 16 per cent) and South Africa (about 10 per cent). The precious metal accounts for over 5 per cent of the country's total imports. The country's total imports from Switzerland were up 11.57 per cent to USD 23.5 billion during April-February 2025-26. In February, go

The fall in gold prices, according to analysts, may actually support jewellery demand in the medium-term, even though it may create short-term pressure for some players

Existing investors should rebalance but avoid complete exit

Gold prices declined Rs 853 to Rs 1.62 lakh per 10 grams in futures trade on Wednesday tracking a bearish sentiment in the international markets amid mixed signals surrounding the ongoing conflict in West Asia. According to the Multi Commodity Exchange, the yellow metal for April delivery depreciated by Rs 853, or 0.52 per cent, to Rs 1,62,450 per 10 grams in a business turnover of 7,529 lots. Analysts said the recent gains in the precious metal prices faded as developments surrounding the conflict involving the US, Israel and Iran remained uncertain, keeping the investors cautious. In the international markets, gold futures on the Comex for April delivery slipped USD 30.15, or 0.58 per cent, to USD 5,211.95 per ounce. "Part of the gains faded amid conflicting developments surrounding the ongoing US-Israel conflict with Iran. The evolving geopolitical situation continues to cloud the outlook for Washington's monetary policy, particularly expectations for potential interest rate cut

Bullion fell as much as 2.5 per cent to below $5,050 an ounce in early trading, after its first weekly decline in more than a month

The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,49,290

Spot gold gained 1.6 per cent to $5,168.69 per ounce as ‌of 0249 GMT while US gold futures for April delivery added 1.1 per cent to $5,178.40

The US Supreme Court's decision takes away a big cloud that's been hanging over global trade for a year now, analysts said.

Domestic gold prices were trading around ₹155,000 per 10 grams on Friday, having hit a record high of ₹180,779 last month ‌before sliding to as low as ₹133,687 earlier in February

Gold outlook: Spot gold continues to trade in its short-term range of $4,700-$5,100; however, moves have become quite volatile and choppy

Bullion fell as much as 0.8 per cent on Monday, after climbing 2.4 per cent in the previous session

US yields fell on Tuesday after a raft of data suggested the economy may be softening, giving the US Federal ‌Reserve more room to cut interest rates

Spot gold climbed as much as 1.7 per cent in early trading, and was also supported by a landslide election victory for incumbent Japanese Prime Minister Sanae Takaichi

The US dollar was at its lowest level since February 4, making greenback-priced metals cheaper for overseas buyers