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Gold and Silver Consolidate Near Record Highs: IBJA Benchmarks & Central Bank Demand Trends
Quick Executive Summary
- •24K 999 purity gold benchmarks hold steady; Silver fine 999 trades near ₹2,35,000/kg.
- •Global central banks continued net accumulation of bullion reserves to reduce sovereign debt reliance.
- •Financial advisors recommend capping physical gold holdings to avoid dealer making charges and opting for Gold ETFs.
Domestic bullion prices consolidated near multi-month highs in today's trading session, according to reference benchmarks published by the India Bullion and Jewellers Association (IBJA) and MCX futures.
Persistent global geopolitical hedging, combined with structural jewelry demand in key emerging economies, provided solid support for spot prices against short-term dollar fluctuations.
Wealth managers recommend allocating 5% to 10% of liquid investment portfolios toward paper or sovereign gold allocations as an effective counter-cyclical hedge against systemic volatility.
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