National News
Gold Price Decline Prompts Opportunistic Buying
Investors exhibited caution toward silver , reduced silver allocations in favour of gold bullion or ETFs with higher liquidity
Gold recorded its steepest weekly decline in six weeks, driven by short-term profit-taking and a modest strengthening of the dollar and bond yields mid-week. Despite the weekly drop, the metal’s price remains within a near-term trading range supported by macro uncertainty.
In the india market The pullback prompted opportunistic buying — some investors used lower prices to add to positions, reversing part of the week’s losses. ETF inflows showed signs of stabilisation after earlier outflows, indicating renewed interest among long-term holders.
Jewellery retailers reported higher footfall after recent price reductions. Lower quoted gold rates translated into stronger consumer appetite for discretionary purchases, particularly for classic designs and small-ticket items. Promotions and flexible financing at stores amplified the rebound in foot traffic.
Investors exhibited caution toward silver: net positioning became more conservative as silver underperformed gold during the same period. Factors included greater volatility in industrial metals, weaker-than-expected industrial demand signals, and a perception of higher downside risk for silver.
Many investors reduced silver allocations in favour of bullion or ETFs with higher liquidity. Short-term traders trimmed exposure; longer-term investors retained small tactical holdings tied to industrial recovery scenarios.
National News
IFSCA Notifies India Good Delivery Gold Framework
GJEPC Seeks Swift Rollout and Global Recognition. The Framework Is Expected To Strengthen Responsible Sourcing, Build Confidence In Indian-Refined Gold and Create Opportunities For Bullion Exports.
GJEPC has urged the Government to expedite international recognition and the implementation of the India Good Delivery Gold framework, following the notification of the International Financial Services Centres Authority (IFSCA) (Good Delivery) Guidelines, 2026. The framework is expected to strengthen responsible sourcing, build confidence in Indian-refined gold and create opportunities for bullion exports.
The guidelines establish a framework for quality assurance, responsible sourcing and traceability in gold refining. IFSCA, India’s unified regulator for financial products, services and institutions operating in International Financial Services Centres, will implement the framework through the Bullion Exchange in the IFSC. Gold from accredited refiners that meets the prescribed requirements can qualify for delivery on IFSC exchanges and for over-the-counter trading.
The framework extends beyond the purity and quality of gold bars to address their provenance. Refiners must trace raw gold to its source, assess supply-chain risks, verify suppliers and beneficial owners, and meet applicable responsible-sourcing requirements. Independent third-party audits will provide additional assurance.
The initiative follows the recommendations by NITI Aayog, a policy think tank, which had called for an India Good Delivery Standard and responsible-sourcing guidelines for refineries. The report highlighted the potential of domestic refining to retain more value within India, generate employment and support exports.
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