In the global market, gold was trading near $4,115 per ounce on Comex, while silver was around $58.30 per ounce
Dovish FOMC outcome is supportive of higher gold prices in very short term, though oil prices can cut the rally short.
Even if silver performs, we believe the weightage for gold could be higher in one's portfolio, said Manav Modi of MOFSL.
The dollar fell 0.8% as the yen strengthened, while traders remained on alert for possible intervention by Japanese authorities to prop up the battered currency
Gold futures edge higher on short covering even as a firmer dollar and elevated US Treasury yields cap gains, while silver trades lower
Global gold demand remained flat year-on-year at 1,269 tonnes in the April-June quarter, according to a report by the World Gold Council (WGC). Prices of the precious metal moderated from the record highs touched earlier this year, the Council said in its report. The total demand for the yellow metal was at 1,268.6 tonnes during the corresponding quarter of 2025, said the WGC in its 'Q2 2026 Gold Demand Trends' report. The demand in the first half of the year rose 2 per cent year-on-year to an estimated 2,522 tonnes, worth USD 380 billion. Investment in gold ETFs (exchange-traded funds), bars and coins dropped to 262 tonnes in the second quarter as lower gold prices led to moderation in strong investment momentum witnessed earlier in the year. According to the WGC, the decline was primarily driven by 45 tonnes of outflows from gold-backed ETFs during the April-June period, although first-half ETF demand remained modestly positive at 18 tonnes. However, bar and coin investment was
India's gold demand fell 6 per cent year-on-year to 131.4 tonnes in the April-June quarter, weighed down by seasonally subdued sales, higher Customs duty and Prime Minister Narendra Modi's appeal to reduce purchases of the precious metal, the World Gold Council said in a report. The total demand was at 139.7 tonnes during the corresponding period last year, according to WGC's 'Q2 2026 Gold Demand Trends' report. "However, it's been a record in terms of the value of demand. So, consumption was Rs 1,98,100 crores, compared with Rs 1,32,500 crores in the same period in 2025, which is up by 50 per cent compared to the second quarter of 2025, highlighting that consumers continue to prioritise gold even in a high-price environment," WGC Regional CEO, India, Sachin Jain told PTI. Going forward, for the year, WGC estimated the demand to stay between 650 and 750 tonnes. "We still see demand in the range of 650 to 750 tonnes for this year. However, given the current geopolitical landscape, .
The World Gold Council says higher tariffs have widened the price gap, boosting grey-market gold imports and hurting organised players in India
Organised gold loans by banks and NBFCs are expected to cross Rs 30 trillion by March 2028, while lenders adjust to revised RBI repayment and LTV norms
Both metals had registered a sharp fall in the domestic and global markets on Tuesday
Gold and silver futures traded higher after crude oil slipped below $100 a barrel, while renewed geopolitical tensions and safe-haven buying supported precious metals
In the global market, gold opened with marginal gains. However, prices later declined before recovering again. Silver had a subdued start in the global market, but later prices rebounded sharply
Spot gold rose 0.9 per cent to $4,113.73 per ounce, as of 0123 GMT, having climbed to its highest since July 10
In the global market, both metals rose after a weak start, while their futures prices opened higher in the domestic market
If you are looking to double your money quickly, gold is the wrong asset
The yellow metal of 99.9 per cent purity climbed Rs 1,400 to Rs 1,46,900 per 10 grams (inclusive of all taxes) from Friday's closing level of Rs 1,45,500 per 10 grams
Gold and silver futures traded higher in domestic and global markets as escalating geopolitical tensions boosted demand for safe-haven assets
The US Fed chief Warsh's hawkish stance and rate hike worries due to Middle East tensions would keep Gold prices under pressure.
Gold's near-term direction depends on whether June CPI marks the start of a durable disinflation trend or a temporary pullback driven by energy base effects.
Already in the bear territory after receding 27% from its record high level, analysts foresee further decline in gold prices of up to 16% to $3400-3500 levels.