Gold's trajectory continues to depend on oil prices as traders remain fixated on rate moves. High oil prices are supporting the US Dollar and increasing the probability of rate hikes
In the present scenario, upside in silver is expected to remain capped barring clear and material developments aiding constructive US-Iran negotiations
Rising real yields alongside a firmer dollar have together stripped two of gold's most consistent supports simultaneously
The probability of US-Iran negotiations entering a more substantive phase is rising-every additional week of disruption deepens financial market stress that the White House cannot indefinitely absorb
An Electronic Gold Receipt (EGR) is a dematerialised instrument that represents ownership of physical gold held in a Sebi-regulated vault
In the near term, oil markets remain pulled between tightening supply fundamentals and expectations of an eventual geopolitical breakthrough
Prices declined across Comex, MCX and exchange traded funds (ETFs), with silver prices falling nearly 4 per cent and gold prices declining around 1.5 per cent
Higher import duty on precious metals has widened domestic discounts, weakened demand and added pressure on gold and silver imports
Value of gold imports rose in FY26 even as volumes fell. Apurva Sheth of Samco explains why higher gold duty may not curb demand and why fuel price hikes could better protect India's fiscal position
The global oil market is increasingly reflecting second-order effects of the US-Iran conflict, now in its 73rd day, following Iran's effective closure of the Strait of Hormuz on February 28
India may need a steep fall in gold imports to ease its trade deficit, but high prices, investment demand and smuggling risks complicate the duty hike's impact
MCX Crude Oil on the daily chart is consolidating within a symmetrical triangle pattern, indicating a phase of compression after the recent volatile swings
MCX Silver opened with a slight gap up and is trading within the ₹280,000-₹282,000 zone, sustaining well above the ascending trendline as bullish momentum builds
If the conflict extends another eight weeks without a credible Hormuz reopening, expect Brent at $130-145 per barrel, with the World Bank's adverse scenario averaging $115 for the full year
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
On April 14, silver prices surged to $80.85 -- the highest since March 13 -- on Iran peace hopes before erasing gains as the US Dollar stabilised
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
The impact of the war on energy infrastructure is considerably more severe than futures prices currently imply
Brent futures are currently trading near $95/bbl after a 4.6 per cent correction, yet remain up 31 per cent since the start of the conflict, 56 per cent year-to-date
MCX shares were seen trading northward, with a gain of 2.9 per cent at ₹2,742.7 on the National Stock Exchange