Overview

• The India Bullions Association pegged Tuesday’s benchmark at ₹99,650 per 10 grams, down from ₹1,00,390 on Monday.
• Prices softened after US President Donald Trump’s talks with Volodymyr Zelenskiy raised prospects of trilateral discussions, reducing safe-haven demand for bullion.
• City quotes reflected the slip under the psychological level, with New Delhi at ₹99,290, Mumbai at ₹99,460 and Chennai at ₹99,750 per 10 grams.
• On MCX, October gold futures traded near ₹99,440 per 10 grams, while September silver futures were around ₹1,13,621 per kilogram.
• Silver was quoted by the India Bullion Association at ₹1,14,110 per kilogram, and analysts said near‑term gold direction hinges on geopolitics and forthcoming Fed communications, with support flagged near MCX October ₹98,600.