India recently faced a temporary disruption in gold and silver imports due to delays in government approvals, leaving large quantities stuck at customs.

Gold and silver prices in India remained largely stable despite ongoing geopolitical tensions and global market fluctuations. Current rates show gold trading around ₹15,400 per gram for 24K, while silver is near ₹2.64 lakh per kg.

Indian equity markets closed on a strong note, with the BSE Sensex gaining over 500 points and the Nifty 50 moving above 24,350 levels. Positive global cues and easing geopolitical tensions boosted investor sentiment across sectors.

Gold prices witnessed a noticeable correction, falling by over ₹1,300 per 10 grams in the domestic market. The decline comes after gold recently touched record levels, leading to profit booking by investors.

Silver prices remained largely unchanged at around ₹2.75 lakh per kg, showing resilience despite fluctuations in global commodity markets.

Global markets saw relief as signs of easing tensions in the Middle East emerged. Reports of a possible ceasefire and renewed negotiations helped calm investor fears.

India has allowed select banks to resume gold and silver imports after delays caused supply disruptions in recent weeks. The government has authorized 15 banks to import precious metals.

India is witnessing a surge in gold and silver demand ahead of Akshaya Tritiya, with trade expected to cross ₹20,000 crore this year.

The BSE Sensex ended almost flat near the 78,000 mark after a highly volatile trading session. The index initially surged nearly 600 points on positive global cues and easing geopolitical tensions but later lost momentum due to profit booking at higher levels.

The ongoing geopolitical tensions have triggered a significant surge in global energy prices, creating ripple effects across economies worldwide. According to global experts, the energy shock is expected to impact both developed and emerging markets.