Mini gold futures market makers observed an uptick in

Market makers observed an uptick in options activity tied to mini gold futures, with bullish call spreads concentrated at the $2,400 and $2,450 strikes. Priyanka Chopra dons a magnificent necklace at the Bvlgari Serpenti Infinito exhibition in Mumbai, India, on Oct. 1. The current tariff hike is expected to affect several Indian exports, including gems and jewellery ($12 billion), textiles and clothing ($10.3 billion), shrimp ($2.24 billion), leather and footwear ($1.18 billion), chemicals ($2.34 billion) and machinery ($9 billion). This adds to the volatile sentiment in the market, further uplifting gold. Economists highlight that mini gold futures remain sensitive to central bank gold purchases. Q2 buying activity from emerging economies is pushing sentiment higher.