Gold prices staged a strong recovery on Monday, rising ₹1,300 to ₹1,46,600 per 10 grams in the national capital, according to the All India Sarafa Association. This represents a sharp rebound after snapping a three-day falling streak, with the precious metal benefiting from value buying by traders following the recent correction. The recovery comes after gold had previously declined significantly, with August futures opening at ₹1,45,000 per 10 grams, down ₹1,528 or 1.04% from the previous close of ₹1,46,529. The precious metal had previously declined significantly, with August futures opening at ₹1,45,000 per 10 grams, down ₹1,528 or 1.04% from the previous close of ₹1,46,529. The recovery represents a bounce back from near six-month lows, with gold last seen around these levels on December 16, 2025, when it traded at ₹1,41,600 per 10 grams. The recovery was driven by a retreat in the US dollar index after US inflation data came largely in line with expectations, easing concerns about imminent Federal Reserve rate hikes and bringing much-needed optimism back to precious metals markets.
Silver futures (July) continued their downward trajectory, falling ₹2,000 to ₹2,24,000 per kilogram in the national capital, according to the All India Sarafa Association. This marks the fourth consecutive session of decline for the white metal, with silver prices falling ₹2,000 from the previous session's close of ₹2,26,000 per kg. Silver 3 July Futures are currently trading at ₹2,34,524 per kg, down 3.6% from previous levels. Analysts attributed the continued weakness to ongoing global uncertainties, as noted by Lemonn Markets Desk. Silver's month-to-date losses still stand at 17.6%, wiping out all the gains recorded in May. From its record high of ₹4,57,328 per kg, the metal has now fallen by nearly ₹1.96 lakh, or about 47%. The white metal had previously dropped 1.2% to ₹2,10,519 per kg on Thursday, showing sustained weakness across precious metals markets.
International precious metals markets presented a contrasting picture, with spot gold falling by $54.14, or 1.32 per cent, to $4,035.12 per ounce and silver declining nearly 3 per cent to $57.62 per ounce, according to The Hindu BusinessLine. This divergence from domestic markets highlights the impact of global uncertainties on precious metals pricing. Crude oil prices in the global markets and US dollar index have edged higher on re-escalation of the US-Iran tensions during the weekend, as noted by Mirae Asset Sharekhan. However, Washington and Tehran later agreed to halt hostilities after renewed military action threatened the fragile 60-day understanding, with investors largely remaining cautious, keeping pressure on bullion. Market participants are now awaiting the US economic data, particularly the nonfarm payrolls report and ISM Manufacturing PMI for fresh clues on the strength of the American economy and guidance for the Federal Reserve's monetary policy path.
24 Karat gold rate today increased to ₹14,160 per gram, up ₹27 from the previous session, according to Goodreturns. 8 grams of 24K gold was priced at ₹1,13,280, registering a gain of ₹216, while 10 grams rose by ₹270 to ₹1,41,600. For bulk buyers, 100 grams of 24 Karat gold was valued at ₹14,16,000, up ₹2,700. 22 Karat gold also moved higher, climbing ₹25 to ₹12,980 per gram, with 8 grams standing at ₹1,03,840, an increase of ₹200, and 10 grams priced at ₹1,29,800, up ₹250. 18 Karat gold rate advanced by ₹20 to ₹10,620 per gram, with 8 grams increasing by ₹160 to ₹84,960 and 10 grams rising ₹200 to ₹1,06,200. The domestic commodities market will remain closed in the morning session on Friday on account of Muharram.
