Former U17 World Champion Neha clinched a gold medal in the women's 59kg category at the Polyak Imre, Varga Janos & Kozma Istvan Memorial Senior Ranking Tournament in Budapest. This victory marked India's second gold, following Aman Sehrawat's earlier triumph. India also secured a silver medal through Mansi and a bronze through Savita in the 62kg women's wrestling division, bringing the total medal count to eight.
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 Indian government has imposed import restrictions on all forms of gold, silver, and platinum articles to prevent misuse of free trade agreements (FTAs). The restrictions apply immediately, regardless of prior contracts or commitments.
India's para shot putter Soman Rana won the gold gold medal in the men's F57 event para shot put event at the Commonwealth Games.
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.
The highlight in January, with no surprise, has been flows into gold and silver ETFs.
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.
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.
The recent correction suggests that while precious metals hedge geopolitical tension and inflation, they are not immune to sharp short-term corrections and profit-booking.
Indian gymnasts Harshit Damodaran and Akshat Bajaj achieved a historic gold-silver finish in the junior men's vault event at the Asian Artistic Gymnastics Championships in Zunyi, China. Harshit secured gold with 13.649 points, while Akshat took silver with 13.433 points, marking a significant achievement for Indian gymnastics.
Kajal Dhochak clinched her second consecutive U20 World title in wrestling, while teammates Tanu Sharma and Savita secured silver medals at the Under-20 Wrestling World Championship.
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.
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.
Analysts predict a surge in gold and silver prices as investors seek safe-haven assets due to escalating tensions in the Middle East. The impact on domestic prices will depend on the conflict's duration, with geopolitical factors and macroeconomic data also playing a role.
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.
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.
Gold imports climbed 349.22 per cent to $12.07 billion in January, while silver imports rose 127 per cent to $2 billion.
Precious metal prices surged in futures trading, with silver hitting Rs 2.93 lakh per kg and gold nearing Rs 1.68 lakh per 10 grams, driven by safe-haven demand following US-Israel strikes in Iran and retaliatory attacks.
Gold and silver prices are poised to maintain their record-setting rally in the coming week as investors focus on global inflation data and key macroeconomic indicators that shape central bank policy paths, analysts said.
Gold ETFs attracted around Rs 11,700 crore, the highest in a calendar month.
ilver continues to outperform the yellow metal, with the gold-to-silver price ratio declining to its lowest level since 2013. The ratio fell to around 57 on Wednesday in the international market, from a five-year high of 100.8 at the end of April 2025.
Indian javelin thrower Neeraj Chopra secured a silver medal at the Commonwealth Games in Glasgow with a season-best throw of 85.83m. Debutant Yashvir Singh surprised with a personal best of 85.41m on his final attempt, earning a bronze medal. Sri Lanka's Rumesh Tharanga Pathirage won gold with an 89.75m throw despite challenging cold and windy conditions.
India's judokas scripted history at the Commonwealth Games on Friday as Asmita Dey and Harsh Singh clinched the country's first-ever gold medals in the sport, while Yamini Mourya added a silver to cap the nation's best-ever judo campaign.
India has protected the interest of domestic farmers and MSMEs by not extending any duty concessions on products across several sectors, including agricultural items such as dairy, as well as chocolates, gold, silver, jewellery, footwear, and sports goods, under the trade pact with Oman.
'The world is heading into a period of serious problems, and gold and silver are among the few ways to protect oneself.'
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.
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.
'For most investors, I recommend a low double-digit allocation (10 to 12 per cent) to gold and silver combined.'
The Bureau of Indian Standards (BIS) is preparing to significantly increase its silver jewellery testing capabilities and expand its national laboratory network, driven by a shift in consumer demand from gold to silver and a broader push for enhanced product certification and surveillance.
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.
Gold and silver prices are expected to maintain their upward trajectory this week, but may see late profit-booking amid the release of a series of crucial global economic indicators, analysts said. On the economic front, traders will closely monitor the manufacturing/ services PMI data from across regions and the US non-farm payrolls/ employment data along with consumer confidence for the month of September and speeches from several Federal Reserve officials, they added.
'An asset must generate income. Equities yield dividends, bonds pay coupons, deposits give interest, and real estate earns rent.' 'Gold, silver, and even Bitcoin produce no income, they merely store value. So, they should not be compared to productive assets.'
Athletics Federation of India's selection committee chairman Adille Sumariwalla has dismissed concerns over Neeraj Chopra's recent silver medal, stating that the "country's greatest athlete" should not be scrutinised for an occasional silver after consistently delivering gold for a decade.
'The frenzy for gold is primarily due to the uncertainty surrounding the tariff war.'
Indian athletes had a successful opening day at the New Taipei City Athletics Open, securing two gold medals and one silver. Long jumper Shaili Singh and the women's 4x100m relay team won gold, while Tejas Shirse earned a silver in the 110m hurdles.
Silver prices rallied sharply by Rs 15,000 to hit a lifetime high of Rs 265,000 per kg in the national capital on Monday, and gold advanced to a fresh record of Rs 144,600 per 10 grams, mirroring strong gains in the global markets.
Indian triple jumpers Praveen Chitravel and Selva Prabhu Thirumaran secured silver and bronze medals respectively at the Glasgow Commonwealth Games, with Chitravel jumping 16.58m and Thirumaran 16.52m. Jamaica's Jordan Scott won gold, while Ramesh Shanmugam finished seventh in the para athletics segment.
India's Mayank Chakraborty and Pratitee Bordoloi secured gold medals in the Open and Girls categories, respectively, at the Asian Junior Classical Chess Championship, leading the host nation to a memorable double victory and a total of four medals.
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.
Indian judoka Yamini Mourya reflects on her 2026 Glasgow Commonwealth Games silver medal, expressing her belief that a single mistake cost her the gold medal she had envisioned.
