The week witnessed crucial political and economic developments that influenced market movements across the world. In India, Tata Consultancy Services (TCS) announced its third-quarter earnings, with a net profit rise of 4.1%, while the Union government predicted India's economy would grow at its slowest pace in four years, with a projected GDP growth rate of 6.4% for fiscal year 2024-25.

Meanwhile, India's merchandise trade deficit remained elevated despite a reduction in gold imports, with the government correcting the initial report on rising gold imports. On a global scale, the Federal Reserve's meeting minutes revealed a more gradual approach to rate cuts, while wildfires in Los Angeles affected affluent areas, forcing evacuations. Canadian Prime Minister Justin Trudeau also resigned, adding to the political drama worldwide.

Silver prices and other economic factors, including trade data and government policies, were among the key drivers impacting market dynamics during the week.