The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,37,890
Gold slips as rising oil prices stoke inflation fears and rate outlook uncertainty, with markets eyeing Fed Chair Jerome Powell's cues on policy path
While volumes increased modestly, the value of demand surged to a record $193 billion, up 74 per cent year-on-year
Stronger investment demand in the world's second-largest consumer of gold partly offset a decline in jewellery buying, hit by a rally in prices, helping keep overall demand stable
Brent near $114 signals tight supply as inventories plunge. Backwardation, outages, and demand risks amid Iran war may reset crude's floor to $75-80, says Anindya Banerjee of Kotak Securities
Prolonged Strait of Hormuz disruption may keep oil prices higher for longer, says Mohammed Imran of Mirae Asset Sharekhan. He forecasts Brent at $90 in Q4-CY26; risks skew to $120 on supply shock
Brent futures for June ended up $3.03 or 2.8 per cent at $111.26 a barrel, marking its seventh consecutive day of gains
Brent crude futures for June climbed $2.32, or 2.1 per cent, to $110.55 a barrel as of 0638 GMT, after gaining 2.8 per cent in the previous session to its highest close since April 7
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,890
SPDR Gold Trust, the world's largest gold-backed exchange-traded fund, said its holdings fell 0.2 per cent to 966.30 metric tonnes on Thursday
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,41,190
Brent crude futures rose $2.16, or 2.05%, to $107.49 a barrel by 2346 GMT, the highest since April 7, and US West Texas Intermediate was at $96.17 a barrel, up $1.77, or 1.88%
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
According to the WGC white paper, the investor behaviour is shifting toward digital access
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.
Silver can test support around $72 should bears take out the key level of $74.50. Upside may be capped at around $79 for a very short term
The crude oil market remains on a knife-edge. Brent's surge above $105 reflects genuine supply risks from Hormuz disruptions.
Dealers quoted premiums of up to $15 an ounce over official domestic prices this week, inclusive of 6 per cent import and 3 per cent sales levies, the highest since February 7
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,740
Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran