Gold prices remained under pressure on August 15 amid heightened geopolitical uncertainty linked to the ongoing US war against Iran, with MCX gold futures falling as much as 0.8%. Silver also declined sharply, while retail gold rates across major Indian cities remained above ₹15,000 per gram for 24K gold.
Gold is increasingly moving beyond physical ownership in India, with futures and options emerging as important tools for investors and businesses. The market’s expansion is being supported by stronger participation, wider contract choices and growing use of exchange prices for hedging and price discovery.
Motilal Oswal Financial Services Ltd (MOFSL) said Senco reported consolidated revenue of Rs 3,100 crore in Q1 FY27, marking a 67 per cent YoY increase and exceeding the brokerage's estimate of Rs 2,900 crore.
Sovereign Gold Bond (SGB) 2018-19 Series VI investors can opt for premature redemption at ₹15,102 per unit on August 12, 2026, compared with the effective issue price of ₹3,276. That translates into a capital gain of ₹11,826 per unit, or nearly 361%, excluding the 2.5% annual interest paid during the holding period.
Manappuram Finance: Anlaysts said the improving returns profile is largely reflected in the current valuation and that it saw limited room for further re-rating.
Silver hallmarking has been voluntary in India since 2005. To strengthen purity verification, BIS introduced a Hallmark Unique Identification (HUID) number for hallmarked silver items in September 2025, allowing buyers to track and verify authenticity.
Market participants will continue to track global economic data, US interest rate expectations and currency movements for further direction in precious metal prices.
Six SGB tranches issued between 2018 and 2021 will become eligible for premature redemption in August, giving investors who have completed the mandatory five-year holding period an opportunity to exit early. The RBI has notified the redemption dates, but investors must apply within the prescribed window to avoid missing the opportunity.
Gold prices were little changed on Monday, while silver outperformed in global markets as investors weighed easing geopolitical tensions against uncertainty over the US Federal Reserve's interest rate outlook.
Market participants will continue to track global economic data, US interest rate expectations and currency movements for further direction in precious metal prices.
Gold prices remained elevated across major Indian cities on August 1, with 24-karat gold trading between ₹1.47 lakh and ₹1.48 lakh per 10 grams despite weakness in global bullion markets. Silver prices stayed largely unchanged at around ₹2.35 lakh per kg in Delhi, while investors tracked the US Fed's policy outlook and geopolitical tensions.
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