Overview

• MCX gold futures rose about 0.21% in early trade to Rs 1,06,016 per 10 grams, marking a fresh peak.
• India Bullions Association pegged the all-India benchmark near Rs 1,06,200 per 10 grams, with city quotes around Delhi Rs 1,05,820, Mumbai Rs 1,06,000 and Chennai Rs 1,06,310.
• International spot gold touched $3,546.99 per ounce, setting a new all-time high.
• Analysts cite a rotation into safe assets during equity and bond sell-offs and rising fiscal worries in major economies, with Aspect Bullion & Refinery’s Darshan Desai highlighting the trend.
• A softer rupee and expectations of US Fed rate cuts are bolstering domestic prices, while silver hovered near Rs 1.24 lakh per kg with only marginal futures moves.