Overview

• India Bullions Association pegged gold at a fresh high of about Rs 1,02,380 per 10 grams, surpassing the earlier Aug. 10 peak.
• Silver touched Rs 1,20,000 per kg in Delhi per the All India Sarafa Association, while IBA’s all‑India reading hovered near Rs 1,17,700.
• City benchmarks stayed elevated with New Delhi around Rs 1,02,020, Mumbai near Rs 1,02,200 and Chennai close to Rs 1,02,490 per 10 grams.
• Analysts cited US tariff actions and President Donald Trump’s attempt to remove Fed Governor Lisa Cook as catalysts for safe‑haven flows, reinforced by a softer dollar and prospects for Fed easing.
• MCX gold futures edged up around 0.03% on Friday to roughly Rs 1,02,125, while ETF data showed renewed inflows in July and global holdings rising this year as investors await the US PCE report.