Indian bullion prices ended marginally lower but maintained the bullish structure this week, buoyed by uncertainty over the US Federal Reserve’s policy path.

The price of 24-carat gold (10 grams) started the week at Rs 1,13,498 on Monday, rose to a significant high of Rs 1,14,044 on Tuesday, and ended the week at Rs 1,13,260, according to data published by the India Bullion and Jewellers Association (IBJA).

The yellow metal sustained its appeal as a safe-haven asset, supported by global trade tensions, a depreciating rupee, steady central bank purchases, and uncertainty over the Fed’s policy path.

Silver also attracted huge buyer interest, benefiting from firm industrial demand alongside supply-side constraints. The price of silver was at Rs 1,37,467 per kilogram at market close on Friday, according to IBJA data.

“Gold prices traded firm at Rs 1,14,000 with marginal gains of Rs 130 as Comex Gold held steady, while the dollar stayed slightly positive and rupee remained flat near 88.71,” said Jateen Trivedi, VP Research Analyst, Commodity and Currency, LKP Securities.