Overview

• On July 18, gold rose Rs 100 to Rs 98,770 per 10 grams in New Delhi while silver traded flat at Rs 1,10,500 per kilogram, according to the All India Sarafa Association
• Stockists have been offloading bullion after recent gains to manage inventory, driving sharp domestic price swings over consecutive sessions
• Spot gold in global markets was supported by fresh EU sanctions on Russian oil and a slight dip in the dollar index, even as strong US economic data tempered safe-haven demand
• Silver’s international rally, led by inflows into physically backed products and technical buying, kept its local price stable despite subdued overseas orders
• Ongoing central bank acquisitions and a narrowing gold–silver ratio under evolving US Federal Reserve policy expectations are poised to shape medium-term bullion trends