Overview

• India Bullion Association put all-India gold at Rs 1,01,620 per 10 gm on Thursday, with city quotes around Rs 1,01,260 in Delhi, Rs 1,01,440 in Mumbai and Rs 1,01,730 in Chennai.
• All India Sarafa Association reported silver at a fresh peak of Rs 1,20,000 per kg in the national capital after a Rs 2,000 jump on Wednesday.
• Analysts linked the bid for bullion to US tariffs on Indian goods and President Donald Trump’s attempt to remove Fed Governor Lisa Cook, which stoked concerns over central bank independence.
• MCX data showed only marginal moves, with gold futures hovering near Rs 1,01,500 per 10 gm and silver futures near Rs 1,16,000 per kg.
• International spot gold traded around $3,385–$3,390 an ounce as traders watched Friday’s US PCE inflation print and high market odds of a Fed rate cut next month.