Is Silver Reaching New Heights Amid Global Trade Conflicts?
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Synopsis
Amid escalating global trade tensions and recent tariff decisions by the US, both gold and silver prices are seeing significant rebounds. Silver has hit a new record high, while gold prices show a complex trend, making this situation intriguing for investors.
Key Takeaways
- Silver prices hit a new all-time high of Rs 1,13,867 per kg.
- Gold prices rose by Rs 792 to Rs 98,303 per 10 grams.
- Trade tensions are influencing precious metals demand.
- Analysts predict a positive outlook for gold if it remains within the specified trading range.
- IBJA updates prices of gold and silver twice daily.
New Delhi, July 14 (NationPress) In light of the recent tariff announcements by US President Donald Trump, the prices of gold and silver have surged, with silver achieving a new all-time high on Monday. The price of silver soared by Rs 3,577 to Rs 1,13,867 per kg, up from Rs 1,10,290 per kg. This increase follows a similar spike last Friday, when silver also set a record.
Previously, on June 18, silver had reached its former all-time high of Rs 1,09,550 per kg.
In parallel, the cost of 24-carat gold climbed by over Rs 700, with its price increasing by Rs 792 to Rs 98,303 per 10 grams, up from Rs 97,511 per 10 grams last Friday, as reported by the India Bullion Jewellers Association (IBJA).
Additionally, the price for 22-carat gold rose from Rs 89,320 to Rs 90,045 per 10 grams, while 18-carat gold saw an increase from Rs 73,133 to Rs 73,727.
IBJA provides updates on gold and silver prices twice daily.
While gold prices have declined globally, silver prices are on a steady rise, increasing by 0.59% to $39.185 an ounce, whereas gold fell by 0.12% to $3,359.80 an ounce.
According to analysts, gold prices are trending positively as renewed global tariff tensions bolster market confidence.
“With the US enforcing additional tariffs on trading partners such as Europe, Canada, and Mexico, alongside a weakened dollar index and a depreciating rupee, bullion remains a favored safe-haven asset,” stated Jateen Trivedi, VP Research Analyst at LKP Securities.
“The prevailing uncertainty continues to fuel demand for gold as a safe haven. This week’s essential US CPI data will be scrutinized closely by investors. Technically, gold maintains a positive outlook as long as it trades within the broader range of Rs 97,500–Rs 99,500,” he added.
Point of View
It is crucial to note that the fluctuations in gold and silver prices are significant indicators of economic health and investor sentiment. The ongoing trade tensions and tariff implementations highlight the need for strategic investments and informed decision-making in these volatile markets.
NationPress
14/07/2025
Frequently Asked Questions
What caused the recent rise in silver prices?
The rise in silver prices is largely attributed to the recent tariff decisions by US President Donald Trump, which have heightened global trade tensions, prompting a surge in safe-haven demand.
How much did gold prices increase?
Gold prices increased by over Rs 700, with 24-carat gold rising by Rs 792 to Rs 98,303 per 10 grams.
Are silver prices rising or falling globally?
While gold prices are experiencing a decline globally, silver prices are steadily rising, reflecting a 0.59% increase to $39.185 an ounce.
What is the outlook for gold prices?
Analysts suggest that gold prices will remain positive as long as they trade within the range of Rs 97,500 to Rs 99,500, given the current economic uncertainties.
How often are gold and silver prices updated?
The India Bullion Jewellers Association updates the prices of gold and silver twice a day.
