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Gold and Silver Prices Edge Higher Amid Global Trade Uncertainty
In early trade on Thursday, gold and silver prices in India posted modest gains, reflecting renewed investor interest in safe-haven assets. According to market data, ten grams of 24-carat gold rose ₹10 to ₹1,00,490, while silver climbed ₹100 to trade at ₹1,17,100 per kilogram. The uptick comes as global bullion markets react to fresh U.S. tariff announcements and shifting expectations around interest rate cuts.
Key Highlights from Today’s Market Movement
- Gold price for 24-carat rose ₹10 to ₹1,00,490 per 10 grams
- Silver gained ₹100, now trading at ₹1,17,100 per kilogram
- 22-carat gold also increased ₹10, priced at ₹92,110 per 10 grams
- Prices consistent across major cities including Mumbai, Kolkata, Chennai, and Bengaluru
- Delhi recorded a slight premium with 24-carat gold at ₹1,00,640 and silver at ₹1,17,100
Global Cues Fuel Bullion Demand
Internationally, spot gold rebounded 0.4 percent to $3,286.99 per ounce after hitting a one-month low in the previous session. The bounce was driven by trade uncertainty and investor buying on dips, despite reduced expectations of a U.S. rate cut. U.S. gold futures, however, slipped 0.5 percent to $3,282.10. Spot silver held steady at $37.10 per ounce, while platinum and palladium showed mixed trends.
- Spot gold: $3,286.99/oz, up 0.4 percent
- U.S. gold futures: $3,282.10/oz, down 0.5 percent
- Spot silver: $37.10/oz, unchanged
- Platinum: $1,308.85/oz, down 0.3 percent
- Palladium: $1,216.25/oz, up 0.9 percent
Investor Sentiment and Market Drivers
The modest rise in gold and silver prices reflects a cautious but steady demand for precious metals amid global economic jitters. Fresh U.S. tariffs have reignited concerns over trade disruptions, prompting investors to seek refuge in bullion. Additionally, the Federal Reserve’s less dovish stance on rate cuts has lowered the opportunity cost of holding non-yielding assets like gold.
- Safe-haven demand remains strong amid geopolitical and trade tensions
- Lower rate cut expectations reduce downside pressure on gold
- Rupee stability and seasonal demand may influence domestic pricing in coming weeks
City-Wise Price Snapshot
Gold and silver prices remained largely uniform across major Indian metros, with slight variations in Delhi:
- Mumbai, Kolkata, Chennai, Bengaluru:
- 24-carat gold: ₹1,00,490 per 10 grams
- 22-carat gold: ₹92,110 per 10 grams
- Silver: ₹1,17,100 per kilogram
- Delhi:
- 24-carat gold: ₹1,00,640 per 10 grams
- 22-carat gold: ₹92,260 per 10 grams
- Silver: ₹1,17,100 per kilogram
Outlook: Bullion May Stay Buoyant
Analysts expect gold and silver to remain in a consolidation phase, with upside potential if global uncertainties persist. Domestic demand is likely to pick up ahead of the festive season, and any rupee depreciation could further lift local prices. Investors are advised to monitor international cues and central bank signals closely.
Source: Business Standard, July 31, 2025
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