Bullion Update

Gold prices experienced a notable decline on Monday, with futures contracts falling by Rs 391 to Rs 94,601 per 10 grams, as a result of subdued demand in the domestic market. The decline in gold prices was mirrored in global markets, where futures for the precious metal dropped nearly 1% to USD 3,286.89 per ounce. Analysts suggest that weak global cues and the muted demand in the spot market have contributed to this downward movement in prices.

As India prepares for the auspicious occasion of Akshaya Tritiya on April 30, 2025, gold prices have surged to an all-time high, with 10 grams of gold trading at Rs. 1 lakh. Despite the elevated prices, jewellers remain optimistic, anticipating strong consumer demand, particularly for light-weight jewellery. Industry leaders believe that while some hesitation due to price may occur, the cultural significance of the day, combined with gold’s enduring status as a safe-haven investment, will drive sales.

Gold prices in India have surged to an all-time high, momentarily breaching the Rs. 1 lakh mark per 10 grams, sparking both economic unease and emotional distress across a broad swathe of Indian society. Traditionally viewed as both a cultural staple and a financial safe haven, gold’s sharp rise—triggered by global macroeconomic dynamics—has disrupted seasonal buying patterns during Akshaya Tritiya and the ongoing wedding season. With prices up nearly 29% since December 2024, small jewellers face declining footfall while middle-class consumers are adjusting their expectations.

Gold prices have surged past Rs 1 lakh per 10 grams, leading to concerns over potential short-term demand disruptions. However, experts remain optimistic about the market outlook, driven by significant events like Akshaya Tritiya and the ongoing wedding season. While the sudden rise in prices may dampen immediate consumer demand, experts predict the market will stabilize as consumers adjust. The demand for gold has remained strong despite price fluctuations, as reflected in recent import data.

Gold prices saw a significant rise on Thursday, climbing by Rs 888 to reach Rs 95,610 per 10 grams in futures trade. This increase was driven by fresh positions taken by speculators amid firm spot demand. On the Multi Commodity Exchange, gold contracts for June delivery experienced a boost of 0.94%. The uptick was also mirrored in global markets, with gold futures increasing by 0.92% to USD 3,318.47 per ounce in New York. Analysts attribute the rise to both local demand and global market trends, pointing to a growing interest in the precious metal.

Gold prices witnessed a sharp pullback on Wednesday, snapping a four-session winning streak that had pushed the precious metal to record highs on the Multi Commodity Exchange (MCX). June gold futures fell by Rs. 1,975, or 2.03%, closing at Rs. 95,365 per 10 grams, amid investor profit booking and a moderation in global geopolitical tensions. Analysts attributed the decline to a softened tone from former U.S. President Donald Trump regarding the Federal Reserve and China, which dampened the demand for safe-haven assets.

International Gemmological Institute (India) Ltd (IGI), a global leader in diamond certification, has announced robust financial results for the first quarter of calendar year 2025, posting an 11.6% year-over-year increase in consolidated net profit, reaching Rs. 140.7 crore. The company’s total revenue climbed to Rs. 313.21 crore, underpinned by growing demand for both natural and lab-grown diamond certifications. With a notable 29% surge in EBITDA from the previous quarter and ongoing investments in technology and process optimization, IGI appears poised for continued upward momentum.

Gold prices in India are fast approaching the psychological benchmark of Rs 1 lakh per 10 grams, driven by a surge in global demand amid mounting geopolitical uncertainty, a weakening U.S. dollar, and continued trade tensions between Washington and Beijing. On Monday, gold of 99.9% purity hit Rs 99,800 in Delhi, reflecting a sharp intraday gain of Rs 1,650. This marks a significant 26.41% rise since the beginning of the year. With silver also on an upward trajectory, investor interest in precious metals is accelerating as safe-haven demand dominates amid global economic volatility.

Gold prices in India soared to an all-time high on Tuesday, breaching the psychological Rs. 1 lakh barrier per 10 grams for the first time. Fueled by a surge in demand ahead of the Akshaya Tritiya festival and the ongoing wedding season, along with intensifying global economic uncertainty, investors and jewellers alike are flocking to the safe-haven asset. Gold of 99.9% purity reached Rs. 1,01,600 per 10 grams, while the 99.5% variant hit Rs. 1,02,100. Despite the rally in gold, silver remained stagnant at Rs. 98,500 per kg.

Gold prices surged to unprecedented levels on Monday, breaching the Rs. 96,000 per 10 grams mark, as heightened geopolitical tensions and economic uncertainty prompted a flight to safe-haven assets. On the Multi Commodity Exchange (MCX), gold futures for June delivery jumped Rs. 1,493, touching a record Rs. 96,747 before settling slightly lower. The rally reflects increasing investor anxiety over unresolved U.S.-China trade disputes, a weakening U.S. dollar, and dovish central bank policies.