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Sun TV Network has resolved internal legal issues after a promoter family member withdrew all legal notices. This development appears to settle disputes within the promoter group of the media and entertainment company.

Gold prices in India breached the Rs 1.02 lakh mark, with October futures hitting an all-time high of Rs 1,02,191 per 10 grams on MCX. On COMEX, prices reached a record $3,534 per troy ounce. The surge is attributed to Trump's tariff policies, US labor market softness, expectations of Federal Reserve rate cuts, and geopolitical tensions driving safe-haven demand. Technical analysis shows RSI at 64.70 indicating bullish momentum, with resistance at Rs 1,02,700 and support at Rs 1,01,200. Market experts recommend a buy-on-dips strategy with entry levels around Rs 1,00,500 on MCX. Gold ETFs delivered average returns of 45.01% over the past year, while multi-asset allocation funds returned 7.16%. Experts suggest maintaining gold as a long-term strategic allocation for portfolio diversification, with investment options including ETFs, mutual funds, and multi-asset funds. Some analysts expect potential consolidation in the $3,000-$3,500 range with possible 12-15% correction over the next two months.

Peter McGuire, CEO Australia at Trading.com, forecasts WTI oil prices could fall to the early $60s or even $50s in the coming weeks, driven by potential peace discussions between Russia and Ukraine that could create supply glut. He expects softer energy prices to help reduce global inflation and benefit consumers. Despite hopes for a peace deal, McGuire remains bullish on precious metals, citing continued central bank buying from countries like Poland and China, plus retail investor demand. He anticipates Federal Reserve rate cuts starting in September with another 60 basis points reduction in Q4, supporting gold and silver prices. McGuire projects gold could reach $3,800 by October-November, building on the strong rally seen in the first seven months. Regarding Trump's threatened 50% tariffs on India for buying Russian oil by the August 21 deadline, McGuire expects extensions will likely be granted given the solid relationship between Modi and Trump.

Nifty 50 opened at 24371.5 with a gain of 8.2 points, representing a 0.03% increase. Meanwhile, Nifty Bank opened at 54999.35 with a decline of 5.55 points, marking a 0.01% decrease.

Gold prices declined on Monday with spot gold falling 0.7% to $3,373.37 per ounce and U.S. gold futures dropping 1.5% to $3,439.10. The decline was driven by a stronger dollar, which rose 0.1% against other currencies, and profit-taking by investors following a recent rally. Markets are awaiting U.S. consumer price data due Tuesday, with analysts expecting core inflation to rise 0.3% to an annual pace of 3.0%. Trade discussions remain in focus with Trump's August 12 deadline for a U.S.-China deal approaching. Trump announced plans to meet Putin on August 15 in Alaska regarding Ukraine. The White House plans to clarify misinformation about import tariffs for gold bars, which has caused some industry players to pause bullion deliveries to the U.S. Physical gold demand weakened in Asian markets due to higher prices, while some holders sold their positions. Other precious metals also declined, with silver down 0.3%, platinum falling 1.2%, and palladium losing 1%.

Gold prices reached a new high on Monday, trading at Rs 1,02,090 per 10 gm according to the India Bullion Association, up from Rs 1,01,790 per 10 gm on Friday. The surge was driven by geopolitical tensions. Gold prices increased 1.07% last week, closing at $3,398, while MCX prices closed 2.05% higher at 1,01,798 levels, hitting a new high of Rs 1,02,250. Market expert Anuj Gupta noted that the White House clarified gold bars would be exempt from duties, following rumors of 39% tariffs on Swiss gold that had increased risk premiums. He mentioned that U.S. President Donald Trump's scheduled meeting with Russian President Vladimir Putin on August 15 in Alaska to negotiate an end to the Ukraine war could act as a speed breaker for the gold rally. Gold prices varied across Indian cities, with Chennai recording the highest at Rs 1,02,210 per 10 gm, followed by Bengaluru at Rs 1,01,990, Mumbai at Rs 101,910, Kolkata at Rs 1,01,770, and Delhi at Rs 1,01,730. Silver also gained, trading at Rs 1,15,390 per kilogram, with prices increasing 3.51% to close at $38.31 and MCX silver prices rising 4.19% to 1,14,881 levels, recently hitting a new high of 1,16,641.

US gold futures dropped as traders await White House clarification on tariff policy after a government agency ruled that 100-ounce and one-kilogram bullion bars would be subject to tariffs. Futures traded about $65 an ounce over the global spot benchmark on Monday, with the price differential between US and London trading hubs falling below $60 after earlier surging above $100. The administration had previously exempted precious metals from duties in April and told Bloomberg it would clarify what it called 'misinformation' on gold tariffs. Gold has climbed about 30% this year, with most gains occurring in the first four months. US gold futures were down 1.2% in early Asian trading, while spot gold slipped 0.3% to $3,387.14 an ounce. Traders are monitoring Tuesday's US inflation data for insights on Federal Reserve interest rate policy.

Gift Nifty opened at 24,422 points with a change of 3 points, representing a 0.01% movement.