Bullion Update

Gold prices are poised for potential turbulence in the coming week, as global investors weigh several high-stakes developments—ranging from U.S. trade policy decisions to monetary policy signals from the Federal Reserve and macroeconomic data releases. The expiration of a 90-day suspension on tariffs impacting Indian exports, coupled with speculation around interest rate cuts, is expected to drive cautious sentiment across commodity markets. Analysts also highlight persistent central bank gold purchases, geopolitical tensions, and a weakening U.S.

Gold prices in India declined sharply by Rs 600 to close at Rs 99,020 per 10 grams on Friday, pressured by increased selling from stockists and a stronger U.S. dollar. The rise in U.S. Treasury yields following robust macroeconomic data diminished market expectations of an imminent Federal Reserve interest rate cut, thereby weighing on the safe-haven appeal of gold. Similarly, silver prices also fell by Rs 1,000 to Rs 1,04,800 per kilogram. Investors now await the upcoming U.S.

Gold prices are expected to remain subdued in the near term as investors await critical US economic data to gauge the Federal Reserve’s stance on interest rates. The cautious tone from Fed Chair Jerome Powell, coupled with easing geopolitical tensions and a stronger appetite for riskier assets like equities, is diminishing gold’s safe-haven appeal. On the Multi Commodity Exchange (MCX), gold futures dropped by Rs. 1,563, closing at Rs. 95,524 per 10 grams. Market analysts anticipate gold to trade within a Rs. 93,000 to Rs.

Gold prices in India witnessed a notable uptick on Friday, with futures for August delivery climbing by Rs 754 to settle at Rs 98,575 per 10 grams on the Multi Commodity Exchange (MCX). The rise, amounting to a 0.76% increase, was driven primarily by robust domestic demand and the creation of fresh speculative positions. This local momentum contrasted with international markets, where gold futures in New York dipped 0.72% to USD 3,346.58 per ounce.

Gold prices have tumbled from their record highs as investor sentiment shifts in response to easing global tensions and a resilient U.S. dollar. On the Multi Commodity Exchange (MCX), June 2025 gold futures settled at Rs. 92,480 per 10 grams—down 7.4% from the year’s peak of Rs. 99,358. Globally, spot and COMEX gold have also registered their steepest weekly losses since late 2024. The pullback reflects a broader recalibration in market risk appetite, driven by progress in U.S.-China trade talks and a neutral stance from the U.S. Federal Reserve.

Gold prices have soared to an all-time high, marking a third consecutive session of growth, driven by a weakening rupee and mounting geopolitical tensions in the Middle East. The precious metal's value surged by Rs 2,011, reaching a record Rs 1,00,403 per 10 grams on Friday. Analysts attribute the rally to increased safe-haven demand, fueled by fears surrounding the escalating conflict between Israel and Iran. Additionally, the decline in the Indian rupee and global oil price hikes have further intensified investor interest in gold.

After two consecutive months of net outflows, Gold Exchange Traded Funds (ETFs) in India saw a resurgence in May, registering a net inflow of Rs. 292 crore. This revival, attributed to stable gold prices and persistent geopolitical and economic uncertainties, pushed the category's assets under management to Rs. 62,453 crore. Industry experts point to investors increasingly recognizing gold’s strategic role in portfolio diversification and risk mitigation.

Aayush Art and Bullion, a leading player in the bullion trading sector, recorded a remarkable surge in revenue to Rs 73.77 crore in fiscal year 2024-25, driven by robust demand and strategic initiatives. The company’s promoters have substantially increased their shareholding from 7.01% in March 2024 to 20.71%, signaling strong confidence in future prospects. Over the past five years, the firm has maintained a compounded annual growth rate (CAGR) of 104% in sales revenue and 62% in net profit, achieving a net debt-free position.

Gold prices witnessed a modest uptick on Friday, rising Rs 144 to Rs 98,018 per 10 grams in futures trading, driven by increased speculative interest and firm spot market demand. On the Multi Commodity Exchange (MCX), August delivery contracts gained 0.15 percent amid active turnover. Globally, gold futures in New York advanced 0.42 percent to USD 3,366.66 per ounce, reflecting a bullish tone in the international market.

Gold prices retreated on Friday, shedding recent gains as a resurgent US Dollar offset safe-haven demand driven by escalating trade tensions. The yellow metal slipped to around Rs. 3,280 in North American trading hours, pressured by a stronger dollar that rose to nearly 99.60 on the US Dollar Index. Renewed fears of trade discord emerged after former President Trump accused China of breaching bilateral trade pacts, heightening investor caution.