India’s gold ETFs recorded net inflows of ₹3,443.23 crore in June, reversing a net outflow of ₹725.04 crore in May. The May pullback followed a sharp jump in domestic gold prices after the government raised customs duty on gold imports from 6% to 15% in mid-May, prompting profit-taking. As prices cooled in June, investors returned quickly. Net inflows for the first half of CY2026 totalled around ₹37,319 crore, far above ₹8,021 crore a year earlier, according to Morningstar Investment Research India.

India’s daily natural gas consumption in the first two months of Q1FY27 fell more than 10% year on year to about 170 mmscmd, as LNG imports dropped following a shutdown at a Qatar LNG plant and domestic output remained weak. Nomura Global Markets Research expects GAIL’s Ebitda to decline 25% year on year in Q1FY27. City gas distributors such as IGL and MGL may post higher volumes, but elevated procurement costs and rupee depreciation are weighing on margins. PLNG is investing ₹3,600 crore to build three new LNG storage tanks to reduce exposure to future supply disruptions.

India raised the total effective import duty on gold and silver to 15% from 6% on 13 May, following Prime Minister Narendra Modi’s 10 May call for people to defer gold purchases for a year to conserve foreign exchange reserves. Demand was further weighed by adhik maas, a traditional lull from 17 May to 15 June. Over the same period, international gold prices fell more than 30% from the January peak of $5,600 to below $4,000. Several jewellers said old-gold exchanges made up 43–46% of Q1 sales, while Crisil forecast FY27 retail jewellery volumes would decline 13–15%.

Kalyan Jewellers (SUS) shares hit the 10% upper circuit for the second consecutive trading session after the company issued a strong Q1 business update. The update did not include specific financial figures. Still, the market read it as well-above-expectations revenue, profit and same-store sales, boosting investor confidence in the resilience of its gold jewellery retail business and its peak-season performance.

COMEX gold fell $107 in a single session, while silver dropped $3. The moves were attributed to escalating tensions in the Middle East alongside heightened attention on upcoming Federal Reserve meeting minutes. The article described gold and silver as core physical safe-haven assets that came under downside pressure, with short-term bearish positioning leading the move while underlying safe-haven demand remains a longer-term supportive factor.

Donald Trump publicly declared that the Iran nuclear deal is “over,” adopting a hardline stance that has drawn renewed attention to the risk of further deterioration in U.S.-Iran relations. The remarks were presented as a unilateral political statement and were not accompanied by new sanctions, military action, or the termination of any diplomatic mechanism. He also did not outline a specific timeline for implementation or any supporting measures. The article does not cite financial-asset data or describe any direct policy mechanism linking the comments to trading in equities, commodities, or stock indexes.

Fresh US military strikes on Iran lifted Brent crude 2.6% to $76.1 per barrel in a single session. The rise in oil prices weighed on risk appetite in India, the world’s third-largest crude oil importer. The Nifty 50 fell 0.57% to 24,259.55, with all 16 sectoral indices in the red, while BankNifty and the Nifty Midcap Select also met technical resistance.

The Indian government launched a post-listing offer for sale (OFS) in Cochin Shipyard on July 8, 2024, opening the deal to retail investors with an initial 2.52% stake sale and a greenshoe option that can take the total to 5.04%. The floor price has been set at ₹1,400 per share. The divestment involves the sale of existing government shares, so the company will not receive proceeds, and the aim is to raise public shareholding. Analysts are split, with some citing the OFS discount as an entry point and others pointing to a 13.3% year-on-year drop in FY26 net profit alongside mixed revenue trends.

MCX gold fell to about ₹1.45 lakh per 10 grams, while silver also weakened. The pullback comes as the US-Iran war escalates. The article says the decline in the traditional safe-haven metals reflects a technical correction rather than a trend reversal. It does not mention other traditional financial assets or indices.