Gold and silver prices are anticipated to maintain a positive trajectory in the coming week, with market volatility expected to remain high due to ongoing developments in West Asia and upcoming global economic data, particularly the Federal Reserve's FOMC meeting minutes.
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.
Silver and gold prices declined sharply in the futures trade on Friday as traders booked profits at elevated levels after a record-breaking rally, tracking a bearish sentiment in global markets and a rebound in the US dollar.
Gold prices experienced a significant drop in futures trading due to global selloff, inflation concerns, and a strong US dollar. Analysts predict a continued downward trend amid geopolitical tensions and potential rate hikes.
Gold and silver prices are expected to continue their upward trend next week, driven by anticipation of key US inflation data and Federal Reserve signals, though profit-booking may occur at higher levels.
Gold and silver prices are expected to remain range-bound this week as investors await crucial US economic data, including the non-farm payrolls report, and further signals from the Federal Reserve regarding its interest rate policy.
Gold extended its record-breaking run to breach the Rs 1.5 lakh per 10-gram mark in futures trade on Tuesday, while silver surged to a lifetime high of Rs 3.27 lakh per kg as investors rushed to safe-haven assets amid mounting global tensions. On the Multi Commodity Exchange (MCX), gold futures for February delivery climbed Rs 6,861, or 4.7 per cent, to record Rs 1,52,500 per 10 grams after settling at Rs 1,45,639 per 10 grams in the previous session.
Gold loans accounted for 41 per cent of retail loan disbursements in FY26, up sharply from 18 per cent in FY23 and 20 per cent in FY24.
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.
Indian pugilists Arundhati Choudhary and Jaismine Lamboria, both Commonwealth Games 2026 gold medallists, shared their experiences and overwhelming reception following their historic victories in Glasgow, with Choudhary setting her sights on an Olympic medal.
Ariha Pangambam from Manipur has made history by becoming the first Indian to win a gold medal in the senior women's individual event at the Aerobic Gymnastics Asian Championships. The 22-year-old gymnast expressed pride in her achievement, hoping to inspire young athletes, and shared insights into the challenges faced during the competition, including adapting to a wooden floor, and her journey from artistic to aerobic gymnastics.
The Indian fencing team achieved remarkable success on the third day of the Commonwealth Championship in Lagos, Nigeria, securing three gold, one silver, and one bronze medal in senior individual events. This impressive performance boosted India's overall medal tally to 29, including 8 gold, 7 silver, and 14 bronze, showcasing the nation's growing dominance in the sport.
Commonwealth Games gold-winning boxer Arundhati Chaudhary received an overwhelming welcome in her hometown of Kota, Rajasthan, after her stellar performance in Glasgow, where she defeated world championship bronze-winner Chantelle Reid and defending champion Rosie Eccles.
Tripura's Asmita Dey, the first Indian judoka to win a Commonwealth Games gold, was grandly felicitated by the state government. She received a Rs 10 lakh cheque and a plot of land in Agartala, with Chief Minister Manik Saha highlighting her inspiring journey and urging her to focus on the upcoming Asian Games.
Abhinav Bindra, India's first individual Olympic gold medallist, reflected on the 18th anniversary of his historic win at the Beijing Olympics, stating, 'Life since has taught me that the spaces between the peaks matter just as much.'
Commonwealth Games bronze medallist Selva Prabhu attributes his failure to secure a gold medal in Glasgow to food poisoning, stating that a performance near his personal best would have been sufficient for the top spot. He is now focused on qualifying for the upcoming Asian Games.
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.
Indian boxer Jadumani Singh, a Commonwealth Games 2026 silver medalist, expressed his happiness over his achievement while admitting he had aimed for gold, dedicating his medal to India and vowing to work harder for a stronger performance at the upcoming Asian Games.
Pakistan's Olympic gold medallist javelin thrower Arshad Nadeem has responded to social media criticism following his disappointing ninth-place finish at the recent Commonwealth Games in Glasgow. Nadeem attributed his poor performance to the extremely cold weather, which stiffened his muscles and hindered his throws. He emphasised his commitment to his country and his grounded nature, expressing confidence in his ability to return to winning form at the upcoming Athletissima event.
After making history as the first Indian male judoka to win a Commonwealth Games gold, Harsh Singh is now focused on securing a medal at the upcoming Asian Games.
Following her Commonwealth Games 2026 gold medal win, Indian boxer Preeti Pawar reflected on the learning experience that the event gave her ahead of the Asian Games this year and the Los Angeles 2028 Olympics, the boxing culture in her hometown Bhiwani, known as 'Mini Cuba' for producing world-class talent and the fulfillment of her baklava promise after her medal win in Glasgow.
Mirabai Chanu clinched her third consecutive Commonwealth Games gold medal in the women's 48kg category, showcasing her undisputed dominance in Indian weightlifting.
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.
Having won silver in Birmingham in 2022, 27-year-old Murali Sreeshankar added another medal to his collection at the Glasgow Commonwealth Games after producing a best leap of 8.09 metres, capping an emotional comeback from the career-threatening knee injury that had nearly derailed his career.
Underlining that students are the "architects of India's future," President Droupadi Murmu on Friday said the government is taking comprehensive steps to reform public examinations to completely curb paper leaks and unfair means, making the system transparent, secure, and trustworthy.
India's Esha Singh clinched the gold medal in the women's 25m pistol event at the ISSF World Cup in Hangzhou, outperforming Olympic-medallist Manu Bhaker, who secured the bronze. This marked a double-podium finish for India, with both shooters expressing confidence for upcoming major assignments.
Gold prices experienced a significant decline in futures trading due to uncertainty surrounding geopolitical tensions in West Asia and conflicting statements regarding the conflict. Investors are also awaiting key macroeconomic data for further direction on interest rate cuts.
Sharmila Dhankar, a polio-afflicted survivor of domestic abuse, clinched a gold medal in the women's F57 seated shot put at the Commonwealth Games, marking a triumph of resilience and athletic prowess.
Six-time world champion and Olympic bronze-medallist M C Mary Kom believes Indian pugilists will secure a 'reasonably good medal haul' at the Commonwealth Games, though gold might be elusive, while expressing less certainty for the Asian Games. She also criticised the Boxing Federation of India's functioning and selection policies.
rediffGURU Vipul Bhavsar answers readers' personal income tax queries
Former India captain Viren Rasquinha warns that an Asian Games gold could paper over deeper problems in Indian men's hockey after their disappointing World Cup campaign.
Gold and silver prices plunged up to 9 per cent in futures trade on Sunday, hitting their lower circuit levels ahead of the Union Budget for 2026-27, as investors extended profit booking after the recent record-breaking rally.
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.
The case for long-term investment in gold, however, remains intact.
Chhote Lal Yadav, the recipient of the prestigious Dronacharya Award, has been instrumental in extending the career of boxing legend MC Mary Kom and transforming Jaismine Lamboria into a world champion, attributing his success to a personalised coaching philosophy.
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.
L&T Finance reported a robust Q1FY27 with net profit growing 29% year-on-year to 900 crore, driven by strong asset growth and strategic initiatives including accelerating cross-selling, improving productivity, and fostering a technology-first, AI-led culture, alongside significant expansion in gold loans.
Prime Minister Narendra Modi met the Indian contingent that won medals at the Commonwealth Games in Glasgow, congratulating them for their impressive performances. He praised the athletes for making the country proud and shared his interaction on social media, highlighting their success as a motivation for youngsters.
Indian Olympic Association (IOA) CEO Raghuram Iyer announced a massive nationwide talent hunt targeting children aged 5 to 15 to identify and nurture future athletes, aiming for 30-40 medals at the 2036 Olympics.
Titan Company reported a strong first-quarter performance for FY27, primarily driven by its jewellery segment, which saw a 30 per cent growth in sales. This robust Q1, coupled with expectations of continued outperformance, has led brokerages to raise earnings estimates and boosted the company's stock.
