Central banks’ gold purchases fell below 1,000 tonnes in 2025 after three record years, as high prices led to caution.
Spot gold fell 2.5% to $4,838.81/oz, pulling back from a near one-week high earlier in the session. US gold futures (April) slipped 1.9% to $4,855.60/oz. Spot silver crashed 14.9% to $74.94/oz, after touching a record high of $121.64 last week.
Demand for the precious metals is also being spurred by worries about the weakening dollar, sparked by speculation that Trump is happy to see the world's reserve currency weaken despite the potential risk of pushing up US inflation.
The US Fed is expected to hold interest rates steady this week despite Trump's pressure to slash them, which is seen as a threat to its independence, which has traditionally been one of the pillars of US assets' solidity
Unorganised jewellers (~53% of the market) are under pressure due to outright inventory buying, lack of hedging, and limited liquidity, leading to delays in design refreshes and store expansions.
As per the provisions of the Income-tax Act, 1961 (Section 43 of 1961) the interest on the SGBs is taxable. When an individual redeems these bonds, they are free from paying capital gains tax.
Although the formalisation of the jewellery sector was an additional push for sales growth, analysts said that price corrections in October also drove demand momentum, which continued into November with healthy footfalls in stores, led by the wedding season.
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Gold and silver price in the domestic market dip marginally.
The dollar fell 0.5% after hitting a four-month high in the previous session, making gold cheaper for overseas buyers.
In Mumbai, the prices stood at Rs 125,620 per 10 grams for 24K gold, Rs 115,150 for 22K gold and Rs 94,220 for 18K
Gold prices in India dropped Rs 3,380 per 10g as global profit-booking hit bullion after record highs. Silver too fell, extending its losing streak.
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Gold rate today in India on Oct 14: Gold has surged 56 percent in 2025. Last week, gold crossed the $4,000 per ounce mark for the first time.
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Central banks boost gold holdings amid historic demand and waning dominance of the U.S. Dollar, with the momentum likely to continue.
For the first time since the 1990s, the world’s central banks, the 'banks of countries' now hold more gold than US government bonds.
Bullion was steady at around $3,383 an ounce in early Asian trading, after gaining more than 3% over the previous four trading sessions
"... a need is felt to standardize the valuation methodology for gold and silver across the mutual fund industry, in order to ensure consistency and eliminate discrepancies in the valuation of these commodities," stated the SEBI consultation paper.
The companies are now betting on 18-carat and even 9-carat pieces to sustain consumer interest as price-sensitive buyers struggle to stretch their budgets for 22-carat gold and opt for studded jewellery over plain gold pieces.
Central bankers around the world bought golds worth $84 billion in 2024, a report said
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 97,242 per 10 grams on July 2.
Gold rate today: Yellow metal's August contracts on MCX opened at Rs 99,202 per 10 grams today.
The precious metal climbed as much as 0.6% in Asia to near $3,450 an ounce, about $50 short of an all-time peak set in April