Overview

• On June 13, spot gold in London reached $3,449.70 per ounce while Indian rates ranged from Rs96,510 in Delhi to Rs98,650 per 10 g in Chennai
• Safe-haven buying was fuelled by tariff uncertainty after US court rulings on Trump’s import taxes and heightened tensions in the Middle East and Ukraine
• Silver prices rose to Rs1,06,320 per kilogram following a breakout to 13-year highs driven by industrial demand and haven flows
• City-wise premiums persisted with Mumbai at Rs98,360 and Kolkata at Rs98,230 per 10 g, reflecting import costs, duties and local demand variations
• Analysts warn of continued volatility and project a potential 12–15% correction over the next two months as investors track US-China trade talks and global economic data