Gold seen at ₹1.40–1.44 lakh this week as jewellery retailers track macro cues
Indian bullion prices are expected to trade in a narrow range, with US payrolls, global PMI readings, Fed signals, China trade data and geopolitical developments likely to shape gold and silver input costs for jewellery retailers.
Indian bullion prices are expected to trade in a narrow range this week, driven by US payrolls, global PMI data, Fed policy signals, China trade data and geopolitical risks. The outlook is relevant to jewellery retailers managing gold and silver input costs.
Why this matters
The range outlook follows MCX August gold futures falling 0.85% to ₹1.42 lakh per 10g after gold topped ₹1.44 lakh amid Iran tensions, keeping jewellery retailers focused on volatile bullion inputs.
Retail-company signals are accelerating, up 223233% QoQ.