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Below the Perspective on Gold & bullion industry - impact of geopolitical tension by Mr. Darshan Desai, CEO, Aspect Bullion & Refinery

“Gold is starting the new week on a cautious note after a few volatile sessions. The market is balancing the impact of the recent US rate hike and expectations of higher rates with softer crude prices and continued geopolitical uncertainty.

While gold ended last week with modest gains, prices remain sensitive to the US dollar and bond yields. In India, physical demand remains steady but measured, as buyers are closely watching prices at current high levels. With the ongoing festive season, we expect buying interest to gradually pick up, especially as consumers and jewellery retailers prepare for the period.

However, buyers are likely to remain selective and may spread their purchases over time. Overall, demand remains healthy, and the festive season should provide further support to the domestic bullion market in the coming weeks.”

Let me know if you need any more details or inputs from Mr. Darshan Desai on any industry perspective.

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