Overview

• India Bullions Association data showed gold at Rs 1,00,650 per 10 grams, up from Rs 99,510 on Friday after the rebound in sentiment.
• City quotes reflected the bounce, with prices around Rs 1,00,290 in New Delhi, Rs 1,00,460 in Mumbai, Rs 1,00,540 in Bengaluru, Rs 1,00,330 in Kolkata and Rs 1,00,760 in Chennai.
• IBJA’s weekly review still recorded a pullback, putting 24-carat gold at Rs 99,358 per 10 grams and silver at Rs 1,13,906 per kg, down by roughly Rs 665 and Rs 1,027 respectively from the prior week.
• Silver outperformed on the week in dollar terms, rising about 2.37% to close near $38.88, with Indian quotes reported near Rs 1.16 lakh per kg and MCX settlement around Rs 1,16,239.
• A Ventura Securities report projects COMEX gold could reach $3,600 per ounce by end-2025, citing ETF inflows, central-bank buying and strong Indian retail participation.