Overview

• India Bullions Association data showed gold around Rs 1,01,620 per 10 grams on August 28, with Chennai quoting the highest among major cities at roughly Rs 1,01,730.
• Silver touched a fresh peak of about Rs 1,20,000 per kilogram in Delhi trade, while the India Bullion Association pegged the nationwide price near Rs 1,16,220.
• City rates held above the Rs 1,01,000 mark for 24K gold in Delhi, Mumbai, Bengaluru and Kolkata, reflecting small regional premiums and steady retail demand.
• MCX futures saw cautious intraday moves, with gold down about 0.17% near Rs 1,01,371 per 10 grams and silver up roughly 0.28% around Rs 1,16,423 per kilogram.
• Analysts linked the latest bid for bullion to US tariffs on Indian goods and uncertainty after a disputed attempt to remove Federal Reserve Governor Lisa Cook, with traders also awaiting key US inflation data.