Overview

• Spot gold set a new peak at $3,689.27 per ounce early Tuesday, with prices hovering near $3,660–$3,680 and U.S. futures around $3,718.
• India’s benchmark rate climbed to a record Rs 1,10,650 per 10 grams on Tuesday, with major cities quoting near Rs 1.11 lakh, according to industry price data.
• Markets are pricing a near‑certain 25 bps Federal Reserve cut on Sept. 17, pushing Treasury yields lower and the dollar toward recent lows.
• Silver extended the surge, touching a 14‑year high near $42.5–$43 globally and a fresh domestic record of Rs 1,32,300 per kg.
• SPDR Gold Trust reported holdings up to 976.80 tonnes, while analysts note overbought signals that raise the risk of short‑term consolidation if Fed guidance disappoints.