Gold prices in India edged higher on Monday, according to the latest data from FXStreet, as steady domestic demand and a supportive global backdrop helped lift prices. The move comes amid ongoing geopolitical uncertainties and cautious investor sentiment in financial markets.
Spot gold in major Indian cities saw modest gains, tracking the movement in international markets where prices remained elevated. Despite fluctuations in the US dollar and Treasury yields, the precious metal continues to attract safe-haven interest, particularly in Asia.
Analysts noted that Indian gold prices are also being driven by strong retail demand ahead of seasonal buying and wedding-related purchases. “There’s a consistent flow from retail and small investors,” said one commodities strategist. “It’s not a surge, but it’s enough to support pricing even as global cues shift.”
Meanwhile, global gold remains underpinned by uncertainty surrounding central bank policies, inflation trends, and geopolitical risks. As the US Federal Reserve weighs its next steps, gold has benefited from a lack of clear policy direction, drawing cautious buyers into the market.
In India, currency fluctuations and import duties also play a role in price dynamics. The recent strength of the rupee has helped contain sharper increases in local pricing, though the broader trend remains upward. Investors continue to view gold as a hedge amid mixed signals from global markets.
Looking ahead, traders will monitor global economic data and any changes in central bank tone that could affect interest rate expectations. For now, Indian gold prices appear well-supported, driven by a blend of local demand and broader macroeconomic caution.
