Gold and silver costs prolonged their losses in each worldwide and home markets on Thursday, weighed down by easing international commerce tensions and profit-booking after latest highs.
On the Multi Commodity Change (MCX), gold futures for August supply fell by Rs 487 or 0.49 per cent, settling at Rs 99,118 per 10 grams. Equally, silver futures for September supply declined by Rs 627 or 0.54 per cent, closing at Rs 1,15,085 per kilogram.
Within the worldwide market, spot gold held regular at $3,387.15 per ounce as of 0138 GMT, after a pointy 1.3 per cent drop within the earlier session. In the meantime, US gold futures slipped 0.1 per cent to $3,492.50.
The subdued efficiency comes on the again of improved threat sentiment in monetary markets, following a commerce settlement between the USA and Japan that lowered tariffs on auto imports from 25 per cent to 15 per cent. Moreover, studies counsel the US and European Union are nearing an analogous commerce pact, additional cooling fears that had beforehand pushed safe-haven shopping for in treasured metals.
“It seemed like gold was constructing momentum for an additional bullish run till commerce information triggered profit-taking,” stated Brian Lan, Managing Director at GoldSilver Central, Singapore. “Though the greenback has weakened, which generally helps gold, this seems to be a minor retracement. We stay broadly bullish.”
The greenback index, which measures the buck towards six main currencies, fell to a three-week low, making gold cheaper for overseas traders and providing some assist to the yellow steel. On Wednesday, the greenback index settled at 96.935, down 0.16 per cent.
Spot silver slipped 0.3 per cent to $39.16 per ounce, platinum was flat at $1,411.53, and palladium dipped 1 per cent to $1,265.50.
Again residence, home bullion markets mirrored the worldwide pattern. Gold futures dropped 0.91 per cent to Rs 99,417 per 10 grams, and silver futures slipped 0.02 per cent to Rs 1,15,634 per kilogram on Wednesday.
In accordance to Manoj Jain, Director at India Nivesh, “The US-Japan commerce deal and expectations of additional agreements led to a dip in gold and silver costs from their highs. Each metals confirmed excessive volatility and misplaced floor after early positive aspects.”
He added that gold costs fell from five-week highs, whereas silver pulled again from ranges final seen practically 14 years in the past. Nevertheless, Jain maintains a bullish outlook within the medium time period, citing ongoing assist from a weaker greenback and dovish indicators from the US Federal Reserve.
Technical outlook for July 25, 2025:
- Gold (MCX): Help at Rs 99,000–98,500, resistance at Rs 99,850–1,00,100
- Silver (MCX): Help at Rs 1,14,750–1,14,000, resistance at Rs 1,16,600–1,18,000
Jain suggests shopping for silver on dips round Rs 1,15,000–1,14,400, with a cease loss at Rs 1,13,300 for potential upside targets of Rs 1,16,200–1,17,400.
In the meantime, the USD-INR July futures settled barely larger at 86.4600 on the NSE, up by 0.01per cent. Regardless of short-term weak spot, the rupee stays underneath strain from delays within the US-India commerce deal and geopolitical uncertainties associated to Russian oil imports.
Jain expects rupee to commerce between 85.45–87.00 this week, influenced by international tariff negotiations, greenback volatility, and actions in Indian fairness markets.
Metropolis-wise Gold Prices (per gram on July 24, 2025):
Metropolis | 24K | 22K |
Mumbai | Rs 10,097 | Rs 9,255 |
Delhi | Rs 10,112 | Rs 9,270 |
Chennai | Rs 10,097 | Rs 9,255 |
Kolkata | Rs 10,097 | Rs 9,255 |
Bengaluru | Rs 10,097 | Rs 9,255
|
Gold Worth in Mumbai:
In Mumbai, the value of 24-karat gold stood at Rs -10,097 per gram, whereas 22-karat gold was priced at Rs 9,255 per gram.
Gold Worth in Delhi:
The nationwide capital recorded 24K gold at Rs 10,112 per gram, with 22K gold obtainable at Rs 9,270 per gram.
Gold Worth in Chennai:
Gold rates in Chennai have been barely decrease, with 24K gold at Rs 10,097 per gram and 22K gold at Rs 9,255 per gram.
Gold Worth in Kolkata:
In Kolkata, 24-karat gold was priced at Rs 10,097 per gram, and 22-karat gold was promoting at Rs 9,255 per gram.
Gold Worth in Bengaluru:
Bengaluru noticed 24K gold buying and selling at Rs 10,097 per gram, whereas 22K gold was obtainable at Rs 9,255 per gram.
Gold Worth in Pune:
Pune noticed 24K gold buying and selling at Rs 10,097 per gram, whereas 22K gold was obtainable at 9,255 per gram.
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