# Bullion

Gold and silver closed the week with a strong risk premium bid, even as crypto held range.
Spot gold traded near $4,052.84, with day high $4,082.16 and low $4,022.06. That print shows $4,000 holds as key pivot after a huge year. Spot silver closed near $57.19 yesterday, still near multi-year peak after a 119% year over year surge in some markets. In India, 22-carat gold rose from Rs 1,05,080 to Rs 1,08,000 per sovereign over five days, silver held near Rs 2,45,000 per kg, MCX silver July 2026 hit Rs 2,76,081 per kg up 1.56% on day.
Driver stack is clear:
1. US-Iran tension. Crude over $85