Gold and silver prices swing on festive demand, US data, and Middle East tensions

Mumbai: Gold prices surged during the session to a more than five-month high in Delhi, supported by firm international trends, a weaker US dollar and safe-haven demand amid escalating tensions between the United States and Iran.Gold of 99.9 percent purity advanced Rs 900 to Rs 1,64,400 per 10 grams, inclusive of taxes, according to the All India Sarafa Association. The precious metal had closed at Rs 1,63,500 on Friday.Gold Returns To March LevelsThe yellow metal was last quoted around its current level on March 9, when it traded at Rs 1,64,300 per 10 grams.Silver Extends RallySilver prices rose for a third consecutive session, gaining Rs 3,500 to reach a more than four-month high of Rs 2,53,500 per kilogram, inclusive of taxes.The white metal had settled at Rs 2,50,000 per kilogram in the previous session. Silver was last near this level on April 17, when it stood at Rs 2,53,000 per kilogram. Jewellery Stocks Rise Up To 4% As Gold Prices Hit 2-Month HighIn international markets, spot gold jumped $42.45, or 1%, to $4,646.54 per ounce. Prices moved close to $4,650 as the global rally gathered strength. Spot silver remained flat at $69 per ounce.Inflation Data In FocusBullion’s next direction could depend on inflation expectations and the US Federal Reserve’s response to higher oil prices resulting from the Iran escalation.Investors will assess whether the central bank considers the energy price shock temporary or views it as a broader inflation threat that could delay monetary policy easing.Attention will turn towards US Core Personal Consumption Expenditures data this week. The indicator is closely tracked by the Federal Reserve when assessing underlying inflation. Gold Prices Rise ₹300 To ₹1.48 Lakh Per 10 Gram In Delhi On Retail DemandMarkets will monitor Fed Chair Kevin Warsh’s debut at the Jackson Hole Symposium for signals about how much inflation the American central bank may tolerate.Developments involving Iran, oil prices, the dollar and interest-rate expectations are likely to guide gold and silver prices in the near term.

New Delhi: Gold and silver prices are expected to remain firm next week after posting strong gains, although profit-booking at higher levels could limit the rally, according to analysts.Bullion traders will closely track US inflation and economic data along with signals from the Federal Reserve for the next direction in precious metals.US inflation data in focusThe US Core Personal Consumption Expenditures (PCE) inflation data and GDP figures will be among the biggest triggers for gold and silver prices.The Jackson Hole symposium, scheduled for August 27-29, will also remain in focus, with Federal Reserve Chair Kevin Warsh set to deliver his first keynote address at the event.Pranav Mer, Senior Vice President, EBG - Commodity & Currency Research at JM Financial Services, expects the overall bias to remain positive, though some profit-booking cannot be ruled out.West Asia developments, particularly the US-Iran peace process and the possible reopening of the Strait of Hormuz, will also be closely monitored.Gold jumps over 5% on MCXGold futures for October delivery gained ₹7,932, or 5.13%, during the week to close at around ₹1.62 lakh per 10 grams on the Multi Commodity Exchange (MCX).Silver futures for September delivery jumped ₹10,673, or 4.52%, to settle at around ₹2.46 lakh per kg. Gold Hits 3-Month High At ₹1.62 Lakh Per 10 Grams; Silver Surges ₹10,000 To ₹2.45 Lakh Per KgJateen Trivedi, VP Research Analyst - Commodity and Currency at LKP Securities, said renewed buying interest, softer bond yields and improving liquidity conditions supported gold prices during the week.Global bullion prices surgeThe rally was also strong in international markets.Comex gold futures for December delivery gained $243.3, or 5.5%, to finish at $4,680.6 per ounce.September silver futures jumped $4.42, or nearly 7%, to settle at $69.53 per ounce in New York. Gold Jumps ₹1,200 To ₹1,63,500, Silver Surges ₹5,000 To ₹2.50 LakhAnalysts said the sharp mid-week rally was supported by liquidity measures announced by the US Treasury Department involving increased buybacks of longer-dated bonds.Going forward, inflation numbers, Fed commentary and geopolitical developments are expected to determine whether bullion can extend its recent gains.

New Delhi: Gold and silver are likely to witness a substantial rally as fiscal dominance and shifting real yields reshape the macro-outlook, a report said on Saturday. Gold hit its highest price in three months on Friday, while silver rose to its highest level in two months.https://t.co/dEoJRFQwov pic.twitter.com/0W1G90FlgF— Forbes (@Forbes) August 21, 2026 The report from Vallum Capital said the recent correction merely re‑priced ownership rather than invalidating the investment thesis to accumulate precious metals. It further noted that a 2 per cent real yield threshold and a reversing Dollar Index are structural markers and signal a durable reversal rather than just a chart pattern."The US Fed is structurally boxed in: hiking raises the cost of servicing $9.2 trillion in rollovers, and holding leaves real rates negative at the front end with CPI above target," the firm said.Gold Jumps ₹1,200 To ₹1,63,500, Silver Surges ₹5,000 To ₹2.50 Lakh The report argued that either path leads to debasing the currency, which is the "setup gold has priced correctly through every prior cycle."Central banks bought 288.9 tonnes of gold in the second quarter of 2026, marking a 411 per cent surge quarter‑on‑quarter, even as Western ETF outflows reached 44.8 tonnes and jewellery demand fell 17 per cent.The report noted that silver has outperformed gold by a huge margin in every cycle in which gold has made a sustained advance.Gold Hits 3-Month High At ₹1.62 Lakh Per 10 Grams; Silver Surges ₹10,000 To ₹2.45 Lakh Per Kg However, the current cycle from 2021 to 2026 has already produced silver at 263 per cent versus gold at 164 per cent, a 99-point outperformance, with the ratio still sitting at 69-fold against a long-run median of 45-fold to 50-fold.Following Kevin Warch’s nomination as Federal Reserve Chairman, gold fell 25–30 per cent, wiping nearly Rs 23,000–28,000 crore from that year's new inflows in mark-to-market terms. Gold later recovered from roughly $4,196 to ~$4,359, reaffirming ETFs and gold funds as the fastest-growing retail access route into the metal even through volatility.Disclaimer: This story is from the syndicated feed. Nothing has been changed except the headline.

Mumbai: Gold and silver prices climbed to more than three-month highs in the national capital on Friday, extending gains for the second straight session as a weaker US dollar and overseas markets increased demand for precious metals.Gold rises Rs 1,200Gold of 99.9 percent purity jumped Rs 1,200 to Rs 1,63,500 per 10 grams, including taxes, according to traders. It had closed at Rs 1,62,300 on Thursday.The metal was last near this level on May 19, when it traded at Rs 1,63,600 per 10 grams.Silver jumps Rs 5,000Silver surged Rs 5,000 to Rs 2,50,000 per kilogram, its highest level in 15 weeks. It had settled at Rs 2,45,000 on Thursday.The white metal has gained Rs 15,000 over the last two sessions. It was last near this level on May 4, when it stood at Rs 2,49,500 per kilogram.Global prices rallyIn international markets, spot gold rose USD 81.58, or 2 percent, to USD 4,600.91 per ounce. It touched its highest level since May 18 and remained on course for a third weekly gain. Gold Surges Towards ₹1.53 Lakh, Silver Hits ₹2.35 Lakh On MCX As Festive Demand, Global Cues Lift PricesSpot silver climbed nearly 3 percent to USD 69.87 per ounce.Experts said a weaker dollar and falling longer-term US Treasury bond yields supported bullion prices. Investment demand and movements in currency and bond markets also helped gold and silver.What is driving bullion?Gold has gained more than 4 percent this week after the US Treasury expanded its bond-buying programme and doubled long-term debt buybacks to control borrowing costs.The move pushed the dollar and bond yields lower, giving support to bullion. Yields later stabilised as investors questioned whether the Treasury measures could provide lasting relief. Gold Price Near ₹1.43 Lakh, Small Paytm Gold Investments Gain Ground Amid Market VolatilityA decline in global oil prices also supported precious metals. Geopolitical worries increased after the Trump administration said it would announce its toughest economic sanctions against Iran.Iran dismissed the move and criticised the United States over its rising debt and record interest payments.Investors are now waiting for US S&P purchasing managers’ index data for signals about the Federal Reserve’s interest-rate policy.

New Delhi, August 20, 2026: Gold staged a sharp comeback in the national capital on Thursday, rising by Rs 4,300 to a three-month high of Rs 1.62 lakh per 10 grams, and silver surged by Rs 10,000 as investors turned to precious metals amid a weak US dollar.The yellow metal of 99.9 per cent purity appreciated by Rs 4,300 to Rs 1,62,300 per 10 grams (inclusive of all taxes), according to local traders.It had closed at Rs 1,58,000 per 10 grams on Wednesday.The precious metal was last seen at comparable levels on May 26, when it was quoted at Rs 1,62,400 per 10 grams.Silver Mirrors Gold RallySilver mirrored the rally, soaring to a seven-week high of Rs 2,45,000 per kilogram (inclusive of all taxes) from Rs 2,35,000 per kg.The white metal had traded near these levels on July 3, when it was quoted at Rs 2,45,000 per kg."Gold hovered near its highest level in more than two months on Thursday, supported by a sharp decline in the US dollar and Treasury yields," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said.The dollar index slid to a three-month low, while lower Treasury bond yields improved the appeal of assets such as gold, he added.Global Prices RetreatThe rally in spot bullion prices came despite a retreat in the overseas markets.Gold dipped USD 66.31, or 1.47 per cent, to USD 4,456.72 per ounce, and silver dropped nearly 2 per cent to USD 65.82 per ounce.Spot gold was trading lower at USD 4,450 per ounce as crude oil prices surged over 2 per cent after US President Donald Trump announced new economic sanctions on Iran, Praveen Singh, Head of Commodities at Mirae Asset ShareKhan, said.US Treasury Buybacks Support GoldGaurav Garg, Head of Research at Lemonn Markets Desk, said gold remained near its highest level since early June, supported by lower US Treasury yields and a weaker dollar after the US Treasury increased long-dated bond buybacks.Also Watch: Gold Falls ₹800 In Delhi To ₹1.58 Lakh Per 10 Grams As Crude Surge, Geopolitical Uncertainty Weigh On BullionThe US Treasury Department said it will at least double the buyback quantum of off-the-run securities from USD 2 billion to USD 4 billion in the current August quarter.Investors saw the move as a sign that the US Treasury would keep a close watch on the bond market, with the possibility of further action not ruled out, Singh said.(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)

New Delhi, August 19, 2026: Gold prices declined by Rs 800 to Rs 1,58,000 per 10 grams in the national capital on Wednesday as rising crude oil rates and lingering geopolitical uncertainty weighed on investor sentiment.The yellow metal of 99.9 per cent purity had closed at Rs 1,58,800 per 10 grams on Tuesday.Silver also declined, dragged by heavy selling, tumbling Rs 5,730 to Rs 2,35,000 per kilogram (inclusive of all taxes), from the previous close of Rs 2,40,730 per kg, according to the All India Sarafa Association.Crude Prices Weigh On GoldGold prices traded weak as higher crude oil rates continued uncertainty after the US-Iran ceasefire window ended without fresh talks, which kept investors' sentiment cautious, said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.The sharp rise in crude prices has added to concerns over inflation and the broader economic outlook, while the absence of fresh talks between Washington and Tehran has kept traders cautious.Investors Await Fed MinutesGaurav Garg, Head of Research at Lemon Markets Desk, said bullion remained under pressure as investors are awaiting the Federal Reserve meeting minutes later in the day for fresh insights into the future interest-rate path.Also Watch: Gold’s 9% Surge Drives Increased Inflows Into Cash And Debt Securities, Report SaysIn international markets, spot gold gained nearly 1 per cent to USD 4,361.76 per ounce, while silver traded flat at USD 63.33 an ounce.For bullion traders, the day's moves reflected a market caught between geopolitical uncertainty and rising energy costs, with gold's safe-haven appeal failing to translate into gains at home.(Disclaimer: Except for the headline, this article has not been edited by FPJ's editorial team and is auto-generated from an agency feed.)