Overview

• Gold has risen over 3% in recent sessions to trade near $3,383 an ounce, marking its longest winning streak since February and nearly 30% year-to-date gains.
• Silver prices in India climbed toward Rs 1,15,000 per kilogram as investors sought non-interest-bearing assets in the face of escalating trade tensions.
• President Trump’s imposition of up to 50% tariffs on Indian imports and threats of 100% levies on chip imports have intensified safe-haven flows into bullion.
• Signs of slowing U.S. economic data have boosted odds of a September Federal Reserve rate cut to around 90%, supporting gold’s appeal.
• Domestic factors including a softer rupee, strong festival and wedding season buying, elevated inflation and central bank purchases have propped up Indian 24-carat gold above ₹1,02,000 per 10 grams.