Precious Metals

Silver ETFs bore the brunt of the correction, falling as much as 6 per cent during the session, while gold ETFs declined over 3 per cent

When metal value beats resale price, older Omega and TAG Heuer models become worth more as scrap than as timepieces

In near-term, the metal is expected to be under pressure unless oil prices come down on sustainable basis

Rebalance away from gold and silver and towards equity and debt

Precious metal prices are expected to witness mixed movement next week as investors track developments in the US-Iran conflict, string of global economic data releases, and domestic political cues, analysts said. Traders will closely monitor PMI readings from major economies early in the week, followed by US labour market indicators and non-farm payroll data later in the week for fresh cues on monetary policy and bullion demand, they added. "In the week ahead, precious metal prices momentum is expected to remain mixed with focus on developments on the US-Iran tussle and follow-up on peace talks," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures declined Rs 1,347, or nearly 1 per cent, to close at Rs 1.51 lakh per 10 grams. Silver, however, outperformed and gained Rs 879 to settle at Rs 2.50 lakh per kilogram during the past week. "Gold traded largely range-bound last week, ending ..

The metal may extend its recovery further to $5,000 in short term on ceasefire hopes. However, for a sustainable rally, it needs to reestablish its safe haven credentials.

According to data shared by Axis Securities, gold prices have declined more than 10 per cent, while silver prices have corrected by over 22 per cent since the war.

With the geopolitical premium fading, analysts believe the next trend will hinge on three factors: the US dollar and bond yields, geopolitical developments, and demand dynamics

Gold April futures on the MCX traded higher by 3.78 per cent at ₹1,44,370 per 10 gm, while silver May futures gained 5.54 per cent to ₹2,36,338 per kg

Broader market sentiment was also fragile on Monday as the war in West Asia entered its fourth week with no clear resolution in sight

Precious metal prices are likely to consolidate with a mild recovery bias next week after a sharp correction, though the upside may remain capped amid elevated interest rates and a firm US dollar, analysts said. Investors will track key macroeconomic data, including provisional manufacturing and services PMI readings from the US, UK and Japan, along with consumer sentiment and jobless claims for direction. Traders will also closely monitor oil price movement for further cues, they added. "In the week ahead, gold price may see some consolidation and slight recovery before prices make their next move either side," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. In the domestic market, precious metal prices witnessed steep losses last week. On the Multi Commodity Exchange, silver tumbled by Rs 32,663, or 12.59 per cent, to settle at Rs 2.26 lakh per kilogram, while gold dropped by Rs 13,974, or 8.82 per cent, to close at Rs 1.44 lakh

The West Asia conflict has changed the bullish narrative around Gold. High oil prices, US recession-cum-inflationary fears, and fading Fed rate cut bets weigh on the sentiment, says YES Securities.

Gold and silver prices are expected to see more corrective moves for the coming week as investors closely track geopolitical developments in West Asia and key central bank meetings that could affect the trajectory of the global monetary policy, analysts said. Traders will remain focused on the evolving conflict in West Asia as any signs of escalation or de-escalation could trigger sharp swings across financial markets, they added. "In the week ahead, focus will remain in the Middle East region as any signs of further escalation or de-escalation may led to increased volatility in the financial markets," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the macroeconomic front, investors will monitor a raft of key central bank meetings scheduled during the week. The US Federal Reserve will announce its policy decision on Wednesday, followed by the European Central Bank and the Bank of England on Thursday and the People's Bank of ...

At 9:23 AM, DSP Silver ETF climbed 0.32 per cent, UTI Silver ETF gained 0.27 per cent, and Groww Silver ETF rose 0.16 per cent

Commodity rout: Precious metals - Gold, Silver, Platinum have cracked up to 47.5%; base metals - aluminium, copper, zinc, lead and nickel - plunged up to 18% in global markets from January 29 highs.

The white metal recorded its biggest ever intraday decline in the previous session

Bandhan Silver ETF plummeted 19 per cent during Sunday's special trading session on account of the Union Budget presentation

Gold and silver ETFs extended their decline amid a sharp global sell-off in precious metals, prompting BSE to revise price band calculations to T-1 NAV to better reflect heightened market volatility

Calling this record crash in gold and silver prices a "rare" event, Zerodha founder and CEO Nithin Kamath said these are the days when risk management doesn't work

Silver futures, which touched a peak of ₹4.2 lakh a kg on Thursday, fell 30% to ₹2.92 lakh in a day. Gold also weakened by 17.53%, but silver lost more. Are we seeing a 1980s redux?