Overview

• Gold prices in New Delhi increased by ₹580 to ₹97,030 per 10 grams, supported by global spot price gains and MCX futures advances.
• Silver prices rose ₹500 to ₹98,500 per kg, with futures for July delivery trading higher at ₹95,980 per kg on the MCX.
• Global spot gold prices climbed 1.22% to USD 3,241.82 per ounce, driven by disinflation signals from softer US PPI and CPI data.
• Moody’s downgrade of the US credit rating to Aa1 and Treasury yields nearing 4.5% have bolstered safe-haven demand for precious metals.
• Goldman Sachs projects gold could reach USD 3,700 per ounce by late 2025, with potential for further gains in the event of a recession.