Precious metals remain on investors’ radar as geopolitical uncertainty continues alongside changing expectations around global interest rates. Gold continues to benefit from its safe-haven status during periods of conflict, while silver is being influenced by both investment demand and its industrial applications.

Indian equity markets are expected to begin Tuesday on a cautious note after the introduction of the new Closing Auction Session triggered significant volatility toward Monday’s close.

Global markets are closely watching developments between Washington and Tehran after US President Donald Trump said talks with Iran were underway, while Iranian officials disputed the US account of the negotiations.

The Indian rupee remains under pressure from geopolitical uncertainty even as domestic equities have shown resilience. Currency traders are closely tracking the US-Iran situation, crude oil movements and foreign institutional flows, all of which can influence demand for the dollar.

Indian benchmark indices are expected to open higher on Monday after global cues improved and crude oil prices fell sharply.

The Reserve Bank of India’s Monetary Policy Committee has begun its three-day meeting, with the policy announcement scheduled for August 5.

Gold and silver remain under close watch as investors assess the outlook for global interest rates, currency movements and geopolitical risks.

Crude oil prices fell sharply on Monday as expectations of renewed US-Iran negotiations reduced some of the geopolitical risk premium built into energy markets.

Diplomatic efforts between the United States and Iran are back in focus after President Donald Trump said negotiations would take place on Monday.

Indian equity markets are introducing changes to the way closing prices are determined from August 3. The new Closing Auction Session (CAS) for eligible Futures & Options stocks is designed to improve price discovery during the final minutes of trading.