Overview

• Gold prices in major Indian cities are trading above ₹1,00,800 per 10 grams, marking fresh highs since mid-June safe-haven flows first pushed it past ₹1 lakh.
• Silver is hovering around ₹1,15,870 per kilogram, near domestic record peaks supported by strong industrial demand from electronics and solar manufacturers.
• MCX August gold futures rose about 0.13% to ₹98,148 per 10 grams, while September silver contracts added 0.08% to ₹1,13,037 per kilogram, reflecting continued investor optimism.
• U.S. spot gold held near $3,352 an ounce as traders awaited Federal Reserve rate-cut signals and monitored the looming reciprocal tariff deadline.
• Geopolitical jitters from U.S. trade tensions and conflicting Fed rate-cut views are underpinning the rally and driving volatility in precious metals markets.