Overview

• In New Delhi, the All India Sarafa Association reported gold down Rs 200 to Rs 1,00,170 per 10 grams on Monday, with silver steady at Rs 1,15,000 per kg.
• IBJA data show 24-carat prices at Rs 99,358 per 10 grams, a weekly decline of Rs 665, keeping domestic levels clustered around the Rs 1 lakh mark.
• Spot bullion edged lower to about $3,363 an ounce as markets waited for US Q2 GDP and PCE inflation readings and the Sept. 16–17 FOMC meeting.
• Powell’s Jackson Hole signals lifted expectations for a September rate cut, which analysts say supports a positive medium-term bias even as prices consolidate.
• Analysts highlight central-bank demand, ETF inflows and trade/geopolitical headlines—including US tariff actions affecting India from Aug. 27—as key drivers to watch.