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
Any slowdown in global growth is likely to pause the bull run in silver, as the demand from manufacturers could take a beating. Historically, any rise in silver prices has been closely linked to global economic growth.
In the last fortnight, gold prices have gained nearly 6.5 percent on Comex – the platform for precious metal F&O trades - while silver has seen a rally of more than 10 percent.
Gold prices plunged to five-month lows amid easing geopolitical tensions and trade concerns, reducing safe-haven demand.
Titan flagged that the consumer group that preferred jewellery below the Rs 50,000 mark remained on the sidelines in the fourth quarter.
In the Indian markets, the price fell by around Rs 3,740 per 10 grams to touch Rs 95,930. Gold prices had crossed Rs 1 lakh mark last month amidst global uncertainties and tariff wars.
The upward movement followed the US Federal Reserve's decision to maintain current interest rates, coupled with warnings about inflation risks and weakening labour market conditions — factors that have strengthened market expectations for potential rate cuts if economic growth slows.
Analysts at JP Morgan predict that gold will reach $4,000 by the second quarter of 2026 and continue to rise for the remainder of the year.
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