A new report by Motilal Oswal Financial Services Ltd (MOFSL) indicates that inflation, interest rates, and monetary policy have become more significant drivers of gold prices than traditional geopolitical conflicts, with markets increasingly focusing on these economic factors.
Gold futures saw a significant rise for the second consecutive day, driven by strong overseas market rallies, increased safe-haven demand due to geopolitical uncertainties, and a weaker US dollar. This surge coincided with the Reserve Bank of India's decision to maintain its repo rate, reflecting a focus on growth amidst global inflation concerns and easing oil prices.
Investor interest in precious metal exchange-traded funds (ETFs) rebounded sharply in June, with silver ETFs attracting an estimated 4,900 crore and gold ETFs around 2,900 crore in net inflows, following a significant correction in gold and silver prices.
India won their fifth gold medal in the Commonwealth Games boxing competition with Arundhati Choudhary beating Chantelle Reid of England in the women's 70kg final in Glasgow on Saturday.
Gold and silver are expected to remain volatile with a corrective bias as investors assess the latest flare-up in the US-Iran conflict, movements in crude oil prices, and inflation data, which could reshape expectations for global interest rates, according to analysts.
India's gold demand saw a 6 per cent year-on-year decline in the April-June quarter of 2026, reaching 131.4 tonnes, primarily due to subdued seasonal sales, increased Customs duty, and Prime Minister Narendra Modi's call to reduce gold purchases, according to a World Gold Council report.
The FIFA World Cup trophy's gold content has more than doubled in value since 2022, now estimated at USD 713,000, driven by a broader rally in gold prices due to geopolitical tensions and economic uncertainty. This makes it the most valuable sporting trophy by melt value, significantly surpassing other major awards like the Champions League and American sports trophies.
The case for long-term investment in gold, however, remains intact.
India had a stellar Day 7 at the Commonwealth Games in Glasgow, with Murali Sreeshankar securing his second consecutive long jump silver medal and Indian boxers assuring the country of 10 medals by reaching the semi-finals in various categories. Para athletes also made history with a one-two finish in the men's 100m T47 event.
Monthly gold imports have declined to 25-30 tonnes from 70-80 tonnes while recycling of old jewellery has increased following the recent hike in import duties.
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One dress. Four women. Four completely different moods. Kresha Bajaj's signature cut-out dress has become a celebrity favourite, with everyone from Samantha Ruth Prabhu and Ananya Panday to Uorfi Javed and Radhika Seth putting their own spin on the statement silhouette.
The Directorate of Revenue Intelligence (DRI) has dismantled a gold smuggling syndicate at Mumbai's international airport, seizing 2.6 kg of gold in wax form, valued at approximately Rs 4.20 crore.
Despite a sharp increase in import duties on gold and silver to 15 per cent, the precious metals are trading at significant discounts in the domestic market, with gold seeing discounts of up to $200 an ounce and silver up to $6 an ounce.
Commodity markets, especially the metals, are among the most volatile segments of the Indian financial ecosystem. To traders involved in commodity trading, it is not only helpful to keep track of the daily price changes but also necessary to make informed trading decisions. Commodities like gold, silver, copper, and aluminium react to many different factors, which makes it imperative for commodity traders to watch out for metal prices every day.
Gold prices in the national capital surged by Rs 600 to Rs 1.65 lakh per 10 grams, extending gains for the third consecutive day, while silver rebounded by Rs 5,000 to Rs 2.71 lakh per kilogram, driven by geopolitical tensions and inflation concerns.
Odisha Vigilance has seized an additional 703 grams of gold from a bank locker belonging to Baikuntha Nath Behera, an assistant executive engineer, bringing the total recovery to 1.255 kg. Behera was arrested for possessing assets disproportionate to his known income, including over Rs 2 crore in cash, five buildings, 14 plots, and significant deposits.
Odisha Vigilance has seized an additional 703 grams of gold from a bank locker belonging to Baikuntha Nath Behera, an assistant executive engineer, bringing the total recovery to 1.255 kg. Behera was arrested for possessing assets disproportionate to his known income, including over Rs 2 crore in cash, five buildings, 14 plots, and significant deposits.
The Directorate of Revenue Intelligence (DRI) has dismantled a major gold-smuggling syndicate at Chhatrapati Shivaji Maharaj International Airport, seizing 3.2 kg of gold worth Rs 5 crore. Seven individuals, including Bangladeshi and Sri Lankan nationals and three airport staff, have been arrested in connection with "Operation Golden Nexus."
Amidst a sharp run-up in gold and silver prices, investors are advised to rebalance their portfolios by booking partial profits in precious metals and reallocating to domestic equities and debt, according to financial experts.
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West Bengal police have seized a staggering Rs 28.5 crore in cash and 15 kg of gold from the residence of absconding stone trader Tullu Mondal's manager and brother-in-law, Minar Mondal, in Birbhum district, leading to his arrest.
Sports Minister Mansukh Mandaviya felicitated the Indian weightlifting team for their strong performance at the Commonwealth Games in Glasgow, where they secured one gold, six silver, and one bronze medal.
'Customers do not recover the original making charges paid on old jewellery. Sentimental value is lost when heirlooms are exchanged.'
Indian benchmark equity indices closed higher on Thursday, with the Sensex gaining 273.55 points to 77,928.15 and the Nifty rising 66.95 points to 24,317.15, driven by bargain hunting and short-covering in IT and auto sectors.
India's chief athletics coach Radhakrishnan Nair has confirmed that javelin ace Neeraj Chopra is in 'perfect physical shape' ahead of the Glasgow Commonwealth Games, expressing strong confidence that India will surpass its previous medal tally and potentially achieve a record number of gold medals.
The Indian government has increased import duties on gold and silver from 6 per cent to 15 per cent to curb inbound shipments of precious metals amid a rising import bill due to the West Asia crisis.
Jannat Zubair Rehmani's feed is proof that subtle is overrated. With her film, Glory on OTT, and her fashion game shining just as bright, Jannat is fully in her metallic era serving gold, silver and everything in between like it's second nature.
Revenue intelligence and customs officers are set to intensify surveillance and increase vigilance on international borders to combat potential gold smuggling following a significant increase in customs duty on gold.
Teenaged high jump star Pooja Singh broke the national senior record en route to winning the gold medal at the Asian U20 Athletics Championships. The 19-year-old cleared 1.93m, bettering Sahana Kumari's 14-year-old record. India secured seven medals, including four gold, on the second day of the competition.
Some wardrobes scream for attention. Sriti Jha's simply smiles.
Gold prices in the national capital fell by Rs 600 to Rs 1.64 lakh per 10 grams, influenced by tentative progress in US-Iran negotiations, which reduced demand for precious metals. However, unresolved tensions surrounding the Strait of Hormuz continue to keep traders cautious.
While most fans reached for football jerseys, Urvashi Rautela treated the FIFA World Cup 2026 stage like her personal runway, layering couture over sportswear in a look that was bizarre yet bold and unforgettable.
Paris Haute Couture Week 2026 saw Indian celebrities and business leaders making stylish appearances across some of fashion's biggest shows.
The Customs department seized gold worth Rs 3.15 crore from two passengers at Mumbai airport, including a finance professional smuggling gold due to US-Iran conflict concerns.
Poppy Jabbal has never been one to play it safe. From quirky styling choices to unexpected pairings, her wardrobe is as fearless as her personality.
Leading Indian jewellery bodies, including the All India Gem & Jewellery Domestic Council (GJC) and Malabar Gold & Diamonds, have expressed support for Prime Minister Narendra Modi's appeal to reduce gold imports and are advocating for enhancements to the Gold Monetisation Scheme (GMS) to unlock India's vast idle gold reserves.
Analysts predict that developments in US-Iran negotiations, fluctuations in crude oil prices, and key global economic data will be the primary drivers of gold and silver prices in the coming week, with a strong focus on talks in Switzerland.
Akanksha Choudhary is locked in the Lock Upp 2 house but her wardrobe is anything but caged.
