On June 30, MCX silver futures for the September contract settled at ₹2,26,327 per kilogram after rebounding nearly 2% (+₹3,693) from the day’s low. The move tracked gains in global markets, with Comex silver futures for September up 1.28% to USD 59.38 per ounce. The rebound followed steep declines in recent sessions, pressured by expectations of tighter US Federal Reserve policy and a stronger dollar. Analysts attributed the bounce to value buying at lower levels.

Gold and silver could remain under pressure next week, as a stronger U.S. dollar, rising Treasury yields and a sharp pullback in crude oil—nearly 10%—dilute their inflation-hedge appeal. Last week, gold and silver futures fell 2.06% and 6.4%, while Comex gold slid 3.5% to $4,096.3 per ounce. Analysts said geopolitical risks may offer some support, but macro headwinds are expected to dominate.

A market analysis published on June 27 said gold and silver futures logged sharp weekly losses, with international gold down 1.6% and silver down 8.8%, while India’s MCX gold futures fell 2.1% and MCX silver futures slid 6.4%. The analysis said both contracts have reached key support zones and are showing early signs of short-term stabilisation. It flagged ₹1,44,000 as a key level for gold futures, with scope to rebound toward ₹1,50,000 if it holds, and ₹2,23,400 for silver futures, with a potential move toward ₹2,40,000 if support remains intact.

The Federal Reserve’s 2026 bank stress test found all 32 of the largest U.S. banks stayed above minimum capital requirements even under a severe downturn scenario. Several lenders then announced higher quarterly dividends and expanded share repurchases, including JPMorgan, Goldman Sachs, Morgan Stanley and State Street, with Morgan Stanley and JPMorgan also approving new buyback plans. The test showed the systemwide aggregate high-quality capital ratio fell from 12.8% to a low of 11.2%, still well above the minimum threshold.

Foreign investors turned net buyers of Indian equities last week, snapping an eight-week selling streak with purchases of nearly $900 million. The shift followed easing West Asia tensions and a pullback in oil prices. Overseas investors are still net sellers this year, with outflows exceeding $29 billion. India has also moved to attract foreign capital, including scrapping taxes on certain debt investments and easing ownership restrictions.

Turtlemint Fintech Solutions’ IPO was subscribed 56% by midday on its final bidding day, led by retail investors at 0.78x. Qualified institutional buyers and non-institutional investors remained muted at 0.73x and 0.09x, respectively, according to exchange data. The company raised ₹397.2 crore from anchor investors and set a price band of ₹144–152 per share, valuing it up to ₹4,500 crore at the upper end.

Platinum and palladium are down 19% and 23% so far in 2026, trading near their June and August lows. BMI expects both metals to rebound to above $2,000/oz and $1,500/oz, respectively, by the end of Q3 2026, citing a 297,000 oz platinum deficit and above-ground stocks covering just under three months of demand through end-2026. Bank of America and BMI said an escalation in the US-Iran conflict or a stronger dollar could weigh in the near term, while tightening fundamentals remain the core driver for medium-term upside.

K2 InfraGen Ltd has won a ₹390.91 crore rural roads contract from the Government of Telangana, a deal that is more than four times its market capitalisation of about ₹84.86 crore. The work, under the Telangana Rural Roads Development Programme on Hybrid Annuity Mode — Phase I, Package No. 2, covers construction, upgradation, strengthening and maintenance of selected roads in the Bhongir Circle. The company must set up a special purpose vehicle and complete agreement formalities within a defined timeline before execution begins. Its shares fell 2.24% to ₹67.50 on the NSE SME Emerge platform, with 86.27% of traded quantity on the sell side.

On June 22, 2026, the United States and Iran completed a first round of talks in Switzerland, with Iran’s foreign minister saying oil and petrochemical exports would be exempted and some frozen assets released. Following the news, Brent crude futures fell 1.40% to $78.93 a barrel in early trading, while WTI slipped 0.26% to $65.65. India’s MCX crude oil futures also declined by more than 1.2%. Markets interpreted the developments as boosting expectations of Iranian oil supply returning, weighing directly on global crude prices.