Why Are Gold and Silver Prices Falling Amid Global Tariff Issues?
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Synopsis
On July 15, the prices of gold and silver experienced a decline following a two-day rise, influenced by global tariff uncertainties. Traders remain cautious as new data is anticipated, creating a dynamic market environment for precious metals.
Key Takeaways
- Gold and silver prices declined due to tariff uncertainties.
- 24-carat gold fell by Rs 387.
- Silver dropped by Rs 1,870.
- Futures market showed mixed signals.
- Traders are cautious ahead of US CPI data.
New Delhi, July 15 (NationPress) The prices of gold and silver experienced a downturn on Tuesday, following a two-day upward trend, largely due to rising uncertainties regarding US tariffs.
The cost of 24-carat gold fell by over Rs 300, as reported by the India Bullion Jewellers Association (IBJA). The price for ten grams of 24-carat gold dropped from Rs 98,303 to Rs 97,916, marking a decrease of Rs 387.
Similarly, the price of 10 grams of 22-carat gold decreased from Rs 90,045 to Rs 89,691, a decline of Rs 354. The price for 18-carat gold also fell from Rs 73,727 to Rs 73,437 during the previous trading session, a reduction of Rs 290.
“The ongoing tariff escalations by the US have created significant uncertainty, which in turn has sustained demand for gold, acting as a safe haven,” stated Jateen Trivedi from LKP Securities.
Silver also saw a notable drop, with prices falling from Rs 1,13,867 to Rs 1,11,997 per kilogram, a decrease of Rs 1,870.
In the futures market, mixed signals emerged despite the drop in spot market prices. Gold futures set to expire on August 5, 2025, rose by 0.04 percent to Rs 97,815 on the Multi Commodity Exchange (MCX).
Conversely, silver futures expiring on September 5 dropped by 0.29 percent to Rs 1,12,611.
Globally, the market exhibited varied trends. Silver prices fell by 0.38 percent to $38.59 per ounce on Comex, while gold prices saw a rise of 0.21 percent to $3,366.20 per ounce.
“Gold prices have remained confined within a narrow range of Rs 97,750 to Rs 98,050, as Comex gold traded positively near $3,365 with a $20 increase,” noted Trivedi.
With US CPI data expected this week, traders are proceeding with caution. Overall, gold is anticipated to remain volatile within the Rs 97,500 to Rs 98,500 bracket, according to the analyst.
Despite the mixed movements in futures and international markets, Tuesday's trading session offered some relief for buyers looking to purchase precious metals at reduced prices.
Point of View
It is essential to recognize the complex interplay between global economic factors and local markets. The fluctuations in gold and silver prices reflect broader uncertainties in international trade and economic stability. Our commitment is to provide transparent and accurate reporting that empowers our audience to make informed financial decisions.
NationPress
17/07/2025
Frequently Asked Questions
What caused the recent decline in gold and silver prices?
The decline in gold and silver prices is primarily attributed to escalating uncertainties surrounding US tariffs, which have influenced market behavior.
How have gold prices changed recently?
Gold prices have seen fluctuations, recently dropping from Rs 98,303 to Rs 97,916 for 24-carat gold.
What is expected for the gold market in the coming days?
Analysts expect gold to remain volatile, with prices likely fluctuating between Rs 97,500 and Rs 98,500.
