In the global market, gold was trading near $4,680 per ounce on Comex, while silver was around $67.80 per ounce
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Spot gold was up 0.9 per cent at $4,643.63 per ounce, as of 0644 GMT, the highest level since mid May. Prices gained more than 5 per cent last week
In the global market, gold was trading near $4,700 per ounce on Comex, while silver was around $69 per ounce
Gold and silver prices are expected to retain their upward momentum next week, though profit-booking at higher levels may temper the rally as investors await key US inflation data, analysts said. US Core Personal Consumption Expenditures (PCE) inflation and GDP figures will be the key triggers for bullion. Developments surrounding West Asia geopolitics, particularly the US-Iran peace deal and reopening of the Strait of Hormuz, will also remain in focus, they added. "In the coming trading session, we expect bias to remain positive, but some profit-booking cannot be ruled out," Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the domestic front, gold futures for October delivery gained Rs 7,932, or 5.13 per cent, to close the week at Rs 1.62 lakh per 10 grams on the Multi Commodity Exchange (MCX). Silver for September delivery surged Rs 10,673, or 4.52 per cent, to settle at Rs 2.46 lakh per kilogram. "Gold remained firmly
Joyalukkas emerged as the lowest bidder for Tamil Nadu's Rs 755-crore scheme to provide 1-gram gold rings to 4.42 lakh newborn babies, quoting a symbolic service charge
In the global market, gold was trading near $4,590 per ounce on Comex, while silver was around $69 per ounce
On the Multi Commodity Exchange (MCX), gold futures were trading near ₹1,58,300 per 10 gram at the time of writing, while silver futures were around ₹2,40,300 per kg
Global gold ETFs recorded 23.5 tonnes of inflows in July, reversing two straight months of outflows.
However, easing expectations of an interest rate increase by the Federal Reserve remained a positive factor for gold and silver
Gold remains the preferred anchor because of its defensive characteristics, central-bank demand and diversification benefits. Silver provides additional growth potential.
Q1 FY27 has surprised positively at the aggregate level: ex-OMCs, corporate earnings grew around 17 per cent YoY, led by BFSI, metals, technology and autos, said Vinit Bolinjkar.
Mirae Asset expects gold to find good support in the dips. After a brief consolidation, it is expected to test resistance at $4,500. Support is at $4,300/$4,200-$4,220.
In the global market, gold was trading near $4,465 per ounce on Comex, while silver was around $65.60 per ounce
In the global market, gold was trading near $4,475 per ounce on Comex, while silver was around $66 per ounce
Move will extend Vault Managers Regulations beyond EGRs to ETFs, derivatives
In the global market, gold was trading near $4,450 per ounce on Comex, while silver was around $66 per ounce
The effective customs duty on gold, silver and precious metals was raised from May 13, with gold imports yielding Rs 100.4 billion in duty through August 2
Gold's traditional relationship with geopolitical conflicts is changing, with inflation, interest rates and monetary policy emerging more important drivers of bullion prices, according to a report. In its H1 2026 Precious Metals Report, Motilal Oswal Financial Services Ltd (MOFSL) said the first half of the year showed that geopolitical risks alone may not be enough to sustain a gold rally as investors increasingly assessed conflicts through their impact on inflation and interest rates. "H1 2026 demonstrated that the relationship between war and gold has become increasingly conditional," Navneet Damani, Head of Research, Commodities at MOFSL, said. Markets increasingly focused less on the geopolitical headlines themselves and more on their impact on inflation, real interest rates and monetary policy expectations, he added. "Rising bond yields emerged as the key headwind for gold, outweighing traditional safe-haven demand despite elevated geopolitical tensions," Damani said. Gold .
In the domestic market, gold recovered after a weak opening, while silver traded higher