Geopolitical tensions, concerns around inflation and lack of clarity on interest rates are reasons that keep gold in the spotlight

Gold rose and headed for a weekly gain as hopes of easing Iran conflict lifted sentiment, while softer oil and dollar eased inflation concerns.

Dollar fell for a second week as markets stayed cautiously optimistic over a US-Iran ceasefire, while strong US jobs data and risk appetite lifted currencies.

Gold recovers from early losses, rising on hopes of a breakthrough in Iran peace talks. Silver jumps 3%, while platinum and palladium also gain.

US dollar eased as markets tracked stalled US–Iran talks, rising oil prices, and key central bank meetings, including what may be Powell’s final Fed meeting.

The Union govt has tightened tax compliance through PAN-Aadhaar linking, AIS, NUDGE, GST invoice checks and anti-fraud drives. ITR filers rose 24% to 8.67 crore in five years, while direct tax collections rose 66%.

Refunds, meanwhile, stood at Rs 1.43 lakh crore between April 1, 2026 – August 10, 2026. This is higher by 3.79 percent as compared to the same period of last fiscal.

Freight revenue also rose 1.3% to Rs 1.73 lakh crore in FY26 from Rs 1.71 lakh crore in the previous year

Gold appreciated by Rs 2,600 to Rs 1,59,800 per 10 grams (inclusive of all taxes) from Tuesday's closing level of Rs 1,57,200 per 10 grams, according to the All India Sarafa Association.

Annual air cargo volumes are estimated to more than double to 10 million metric tonnes by 2030

In this edition of Moneycontrol Pro Panorama: Gold and silver could gain further as investors seek safety, India’s Constitution has evolved with changing times, eased transhipment rules could boost India’s air cargo, and more