IBTimes

Gold and silver prices surged on Wednesday amid rising global trade uncertainty, geopolitical tensions, and a weaker US dollar. MCX gold April futures rose 0.76% to Rs 1,61,180 per 10 grams, while MCX silver March futures jumped 3.20% to Rs 2,69,075 per kg.

India's GDP growth is projected to reach 88.1% in Q3 FY26, according to an SBI Research report, driven by strong rural and urban consumption despite global uncertainties. The report highlights resilient domestic demand supported by fiscal stimulus.

The index recorded its highest-ever single-day trading volume of 457,989 contracts, with a turnover of $23.48 billion, or around Rs 2.13 lakh crore.

ICRA projects GDP growth to ease to 7.2 per cent in Q3 from 8.2 per cent in Q2, citing lower government capex, weak exports and base effects, though growth is expected to remain above 7 per cent supported by festive demand and GST rationalisation.

The price of 10 grams of 24-carat gold was at Rs 1,54,080 on Friday down from Rs 1,54,483 seen on Monday, according to data published by the India Bullion and Jewellers Association (IBJA).

By moving money over 170 billion times per year across a billion people, instantly and cheaply, India proved that he world's digital financial highways could one day flow through the country, and signalled its arrival as a global economic and high-tech superpower, the report said.

According to RBI data, the value of gold reserves, a key component of foreign exchange reserves, increased by $4.990 billion to $128.466 billion in the week ended February 13.

The RBI said India's economy continues to grow strongly despite global uncertainties, with real GDP expected to rise 7.4% in 2025-26. Recent trade agreements with the EU and a US trade deal are expected to sustain growth momentum. Strong contributions from the services and manufacturing sectors.