Gold prices have reached a new peak just before Dhanteras, affecting festive sales. Jewellers anticipate more lightweight jewellery purchases. Investment demand for gold and silver coins remains robust. Platinum is also gaining popularity among men for jewellery. Silver prices have softened due to increased supply, despite a global deficit. Geopolitical tensions and US economic factors are influencing gold prices.
US inflation tops 4% for first time in three years, keeping Fed hike in play
US inflation climbed to 4.1% in May, driven by rising energy prices, keeping the Federal Reserve’s interest rate hike plans on the table for September.
June 25, 2026