Gold and silver prices rose at the open on India's Multi Commodity Exchange as optimism around US-Iran peace talks tempered safe-haven demand and shifted trader positioning. Silver surged Rs 1,500 while gold held near Rs 1.53 lakh, close to record levels. The moves reflect a recalibration of geopolitical risk premium built into precious metals over recent weeks. Easing tension narratives typically reduce the urgency of safe-haven buying, yet both metals remain elevated, suggesting underlying demand has not fully unwound. Analysts flag that dollar movement and crude oil trends will be the primary near-term drivers, with both assets sensitive to any shift in the Iran diplomatic timeline. Traders are watching defined support and resistance levels closely, with volatility expected to persist as headline risk remains high. A breakdown in talks or fresh geopolitical escalation could quickly reverse the morning's gains, making directional positioning in either metal vulnerable to rapid repricing.
The Indian government has launched an OFS to sell up to 6.5% of its LIC stake, opening for non-retail investors on August 4, 2026, at a floor price of Rs 382 per share, about 11% below Monday's close. The discounted offering is likely to pressure LIC shares in the near term as supply increases sharply.
More than a dozen major Indian companies including Bharti Airtel, ONGC, Pidilite, Nykaa, DLF, and Ather Energy report April-June 2026 earnings on August 4. Results span telecom, energy, consumer goods, real estate, and EV sectors, giving markets a broad read on corporate health mid-earnings season.
Amazon shares hit a new all-time high Monday, pushing its market cap above $3 trillion following a sustained post-earnings rally. The milestone places Amazon among the very few companies globally to reach this valuation, with investor focus on AWS and advertising growth driving the move.
Sensex Gains 500 Points as Oil Falls on Iran Talks
The Sensex rose around 500 points and the Nifty crossed 24,500 on Monday after Donald Trump announced talks with Iran, pushing oil prices lower. IndiGo, ITC, FMCG, and metals led the gains as cheaper crude eased cost and inflation concerns.
