Goldman Sachs said on Wednesday that it saw significant upside risk to its $5,400 year-end forecast for gold on central banks maintaining their recent pace of accumulation
The price of 22-carat gold rose by ₹10, with ten grams of the yellow metal selling at ₹1,41,110
While the market was already stretched, one of the triggers for the selloff came from a sharp change in expectations around US monetary policy.
MCX gold April 2 futures rose 3.49 per cent to ₹1,49,017 per 10 grams, while MCX silver March contracts jumped 6.92 per cent to ₹2,52,603 per kg on Tuesday
Gold rose nearly 13 per cent in January in its biggest monthly gain since November 2009, while silver jumped 19 per cent
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,40,390
The white metal recorded its biggest ever intraday decline in the previous session
At current levels, MCX Gold prices have retraced up to 38.2 per cent, and Silver up to 50 per cent, highlights Aamir Makda Commodity & Currency Analyst of Choice Broking.
Spot gold fell as much as 6.3 per cent on Monday while Silver swung sharply, dropping to around $75 an ounce having earlier climbed as much as 3.2 per cent
Bandhan Silver ETF plummeted 19 per cent during Sunday's special trading session on account of the Union Budget presentation
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,47,190
The dollar clung onto its gains as investors weighed what a US Federal Reserve under Warsh might look like, with his preference for a smaller balance sheet
Gold and silver futures opened sharply lower ahead of the Union Budget 2026, retreating steeply from record highs amid profit booking in domestic and international markets
Shares of gold-loan financers' wilted under selling pressure in Sunday's Budget day special trading session as Gold, Silver prices retreated sharply from record high levels.
Even after Friday's pullback, gold still registered a monthly gain of 13 per cent while silver was up 19 per cent for the month
The price of 22-carat gold decreased by ₹10, with ten grams of the yellow metal selling at ₹1,55,090
Bullion dealers in India charged a premium of up to $121 per ounce this week over official domestic gold prices
In January so far, MCX spot silver has rallied 67 per cent and gold has gained nearly 32 per cent, according to data compiled by Bloomberg
Tense geopolitics look set to be a major contributor to gold's fortunes again in 2026, supporting a continuation of elevated central bank demand, strong gold ETF inflows,robust bar and coin demand.
Bullion falls over 4 per cent on speculation over a tougher Fed chief, but remains up more than 20 per cent in January amid safe-haven demand