On Monday, heavy selling pressure was witnessed in domestic markets. The Sensex fell 1,048 points to close at 80,238. The Nifty declined 312 points and settled at 24,865. Investor concerns over rising tensions in West Asia affected sentiment. Midcap and smallcap indices also ended lower in line with benchmarks.

Most sectoral indices traded in negative territory. Auto, consumer durables, oil and gas, and PSU banks recorded notable losses. Only metal and pharma stocks showed marginal gains. Analysts stated that Nifty support is seen at 24,600, while resistance stands at 25,000.

Global markets showed mixed trends. Oil prices surged after reports that Iran closed the Strait of Hormuz. Asian indices declined, while US markets ended mostly higher. FIIs sold equities worth Rs 3,296 crore, whereas DIIs bought shares worth Rs 8,594 crore.

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Experts say declining trust in fiat currencies and sustained ETF buying will maintain the gold price surge 2025. On the Multi Commodity Exchange (MCX), December gold futures reached ₹1,22,284 per 10 grams this week, supported by geopolitical tensions and US Federal Reserve rate cut expectations.

A weaker US dollar is making gold more attractive to international investors. On Monday, MCX Gold December futures rose 1.62% to ₹1,23,313 per 10 grams, while MCX Silver December futures increased 3.44% to ₹1,51,577 per kg.

Globally, spot gold touched $4,060 per ounce, marking its eighth consecutive weekly gain. The surge follows renewed US-China trade tensions, with China warning against new tariffs and urging a return to negotiations.

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