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.
Gold and silver are expected to remain volatile with a corrective bias in the coming week as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices and inflation data that could reshape expectations for global interest rates, analysts said. Fresh hostilities in West Asia have once again put markets on edge. The latest round of tensions began after Iran said it had struck a vessel travelling on an unapproved route and subsequently announced the closure of the Strait of Hormuz. The US Central Command later said it carried out strikes on Tehran, following which Iran retaliated by targeting American-linked installations in the United Arab Emirates, Kuwait, and Bahrain. Analysts said any further escalation in the conflict could drive crude oil prices higher, revive inflation concerns and strengthen safe-haven assets such as the US dollar and Treasury yields, limiting the upside for precious metals. "For gold and silver, momentum remains down and ...
Gold prices are expected to remain volatile and choppy amid uncertainty over situation in the Middle East, may trade in the range of $4,000-$4,200 for now.
Spot gold fell 0.1% to $4,100.32 per ounce by 0107 GMT, after dropping to its lowest since July 2 earlier in the day
Gold prices slipped Rs 150 to Rs 1,50,650 per 10 grams in the national capital on Monday, and silver dropped Rs 5,000, as a sluggish global trend and a firm US dollar prompted traders to trim positions in precious metals. The precious metal of 99.9 per cent purity had closed at Rs 1,50,800 per 10 grams in the preceding session. Silver snapped its four-day rally, declining Rs 5,000 to Rs 2,40,000 per kilogram (inclusive of all taxes) from Friday's closing level of Rs 2,45,000 per kg, according to local dealers. Traders said the market remained range-bound as investors balanced lingering geopolitical risks in West Asia against a stronger greenback and expectations surrounding the US Federal Reserve's monetary policy. "Gold prices experienced a slight decline in the domestic markets on Monday, as investors navigated the complex landscape of Washington-Tehran relations while awaiting key inflation data from the US," said Gaurav Garg, Research Analyst at Lemonn Markets Desk. In the ...
Gold is expected to trade with a positive bias in near-term, and can extend its advance to $4,200 level in the coming weeks. Upside will remain capped unless the rate hike probability comes down furth
Prices fell about 8.4% in June, the first monthly drop since March, tracking volatility in international gold prices
For the second-half of 2026, upside for Gold and Silver seems to be capped around $4,400 and $90, says Anindya Banerjee, Head of Commodity and Currency Research, Kotak Securities:
Gold prices have fallen by over ₹50,000 from their record high, but instead of buying more, Indians are selling their gold. What's driving this surprising trend, and is now the right time to invest? W
Why is the Indian government auctioning Rolex watches, gold jewellery, and other diplomatic gifts? In this video, we explain what the Toshakhana is, why ministers and government officials cannot simpl
Expectations of higher US interest rates and a stronger dollar outweighed geopolitical concerns, sending gold prices sharply lower
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,29,540
India's first private-sector gold mine since Independence is now operational. The Jonnagiri Gold Mine in Andhra Pradesh marks a major milestone for India's mining sector, opening the door for greater
In the international market, too, gold and silver futures were trading with losses
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,32,540
Gold and silver futures opened lower on MCX and Comex, extending volatility in bullion after prices had earlier retreated from sharp record highs this year
The price of 22-carat gold increased by ₹10, with ten grams of the yellow metal selling at ₹1,34,310
The stock had increased from 880.34 metric tonnes in the week ended March 20 to 880.52 metric tonnes in the week ended April 3. The physical stock of gold has remained unchanged since then
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,890
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,33,690