Overview

• IBJA data showed 24K gold at Rs 122,629 per 10 grams on October 9, while MCX December futures notched record territory near Rs 1,22,165 per 10 grams.
• Prices eased in Friday trade, with one snapshot showing 24K at Rs 12,229 per gram and Indian Express reporting MCX near Rs 1,20,845 per 10 grams in the morning session.
• AMFI reported strong September allocations, with gold ETF AUM up 24% to Rs 90,135.98 crore and silver ETF AUM up nearly 40% to Rs 36,460.94 crore.
• Silver also marked a record, with 999 purity at Rs 1,62,143 per kg per IBJA, supported by both safe-haven interest and industrial buying.
• Jewellery demand has pivoted toward lightweight and studded pieces, and listed retailers reported value-led growth, including Titan’s 19% year-on-year revenue rise.