Gold prices stayed steady and are poised for a fourth weekly gain as hopes for a US-Iran peace deal reduce worries about inflation and interest rates. Optimism also grew after a ceasefire between Lebanon and Israel, with potential US-Iran talks over the weekend. Even with stable US unemployment claims, employers remain cautious amid the ongoing conflict.
Akshaya Tritiya 2026 is projected to drive record precious-metal buying in India, with gold and silver trade expected to surpass Rs 20,000 crore even as prices hit new highs and volumes soften. Shoppers are shifting toward lightweight jewellery, silver, and diamond items, while digital gold and bonds gain momentum—signaling value-led, financially cautious consumption.
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Gold demand in India appears to soften in March after early 2026 strength. Retailers still benefited from weddings and festivals, while gold ETFs recorded strong inflows and investors stayed largely interested despite some profit-taking. Yet price swings are making buyers more cautious, even as jewellers continue expansion plans, signaling confidence in the longer run.
India has authorized 17 banks to import gold and silver for a three-year window beginning April 1, 2026, with validity until March 31, 2029. The government move is aimed at clearing a customs clearance bottleneck that had stalled shipments. Importers can now expect smoother processing and more predictable precious metals trade.
Campbell R. Harvey says escalating uncertainty from trade wars and accelerating de-dollarisation is boosting global demand for gold, despite its limited supply. He points to how gold has become more “financialised” through ETFs, amplifying market moves. Short-term swings can be sharp, but he frames gold as a long-term store of value and a hedge that may help protect portfolios during stock-market stress.
Metals are powering through 2025 as tightening supply meets steady industrial demand and a structurally weakening U.S. dollar. Gold, silver, and platinum are getting a boost as safe-haven favorites, while copper, zinc, and aluminium gain momentum from green economy growth. Shrinking inventories and a more dovish Fed keep the metals outlook bullish even as the dollar faces mounting pressures.
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Gold has surged nearly 60% since Akshaya Tritiya 2025, but the path to further gains through 2027 looks tougher. Iran-linked geopolitical risk and shifting interest-rate expectations could cap near-term momentum. Still, long-term support appears stronger, driven by sustained central bank buying and rising global debt, keeping gold positioned as a hedge for uncertain times.
Asian markets opened lower Monday as U.S. and Israeli strikes against Iran intensified Middle East tensions. U.S. futures fell more than 1% and crude prices surged, while investors flocked to safe havens: gold rose about 2.3% and silver gained around 2.1%. Japan’s Nikkei dropped 2.4% and Australia’s ASX 200 slipped 0.4%.
Jefferies says gold has moved into a consolidation phase after a strong retail-led buying surge that peaked late last year and continued into early this year. The report points to broad demand across major markets including India, China, and the United States, suggesting the recent rally may be pausing rather than accelerating.
Gold and silver ETFs surged on Wednesday, propelled by a softer US dollar and easing inflation worries as oil prices eased. Some silver ETFs climbed as much as 11%, making the move a potential accumulation window for long-term investors. With geopolitical risks and gold’s inflation-hedge appeal still in play, investors are weighing whether the rally is a fresh entry point.
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Gold stayed steady on Friday, but traders are bracing for a weekly drop as oil prices surge. The jump is linked to stalled U.S.-Iran peace talks, reviving inflation worries and increasing expectations that interest rates may stay higher for longer. With energy costs rising, factories face steeper expenses while broader economic activity weakens.
Bitcoin and Ethereum reportedly outperformed both gold and major equity indices during the 2026 US-Iran conflict, according to Binance Research’s Monthly Market Insights for April 2026. The findings challenge the usual “safe-haven” assumption, suggesting that market stress may have pushed investors toward crypto instead of traditional defensive assets.
Gold demand for Akshaya Tritiya fell around 30% by volume as prices rose nearly 60% year-on-year, discouraging bigger purchases. Buyers stayed within budgets, opting for lighter jewellery, small coins and exchange-led buying. Millennials leaned toward solitaires in the ₹75,000 to ₹2.5 lakh range, signaling a clear shift to affordability over luxury.
Gold and silver opened lower on MCX as crude oil prices pushed toward $110 per barrel, reviving inflation concerns and uncertainty over rate expectations. Tensions around the Strait of Hormuz further boosted volatility in bullion markets. Analysts say the near-term outlook is likely range-bound, with traders watching key support and resistance levels.
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Gold and silver in India eased on MCX as a stronger US dollar pressured prices. Traders are watching potential US-Iran talks this weekend, with analysts flagging volatility risk from oil and currency swings. While MCX quotes softened, physical gold in major Indian cities held steady. Key technical levels point to cautious buy-the-dip strategies.
Gold and silver prices fell in India on Tuesday as a firmer US dollar weighed on bullion and safe-haven demand eased with cautious optimism over US-Iran peace talks. By midday, 24K gold slipped to around ₹1,55,280 per 10 grams, while silver dropped nearly 1% to about ₹2,50,210 per kg on the MCX.
India is preparing to launch its first large-scale private gold mine, the Jonnagiri project in Andhra Pradesh. Backed by Geomysore and substantial investment, the mine is expected to yield up to 1,000 kg of gold each year. If it performs as projected, it could strengthen domestic supply and meaningfully reduce India’s dependence on gold imports, reshaping the country’s import story.
Gold fell sharply on Monday as the US dollar strengthened, making the metal costlier for buyers using other currencies. The move came alongside a jump in oil prices driven by renewed US-Iran tensions, reviving inflation concerns. In India, demand stayed muted because of high prices, while other precious metals also declined.
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Gold ETFs logged record net inflows of ₹68,867 crore in FY26, up 4.5x and a 364% year-on-year jump. Geopolitical risks and equity market volatility pushed investors toward the yellow metal, with gold ETFs capturing close to 10% of total mutual fund inflows—far outpacing equity and debt funds.
Gold rose as oil prices eased and the US extended its ceasefire with Iran, boosting risk sentiment. Investors weighed a softer inflation outlook linked to weaker oil against persistent geopolitical uncertainty. The move highlights how commodities are reacting not just to energy costs, but also to shifting Middle East risk and policy signals.
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