Gold and Silver Prices Impact Amid Trade Tariffs Announcement

Gold and Silver Prices Impact Amid Trade Tariffs Announcement

Recent announcements by US President Donald Trump regarding trade tariffs on several countries have had a noticeable impact on gold and silver prices. The MCX gold rate opened lower at ₹97,172 per 10 grams, while MCX silver rate opened higher at ₹1,08,498 per kg.

In the international bullion market, gold prices remained steady with a firm dollar and higher treasury yields limiting potential gains for the precious metal. Spot gold price was steady at $3,334 per ounce, while US gold futures remained unchanged at $3,344.20. Both gold and silver are considered 'safe haven' investments during uncertain times, providing a reliable hedge for investors amidst market volatility.

Gold prices have exhibited significant growth over the past 20 years, increasing by 1,200% from ₹7,638 in 2005 to over ₹1,00,000 in 2025. Year-to-date, gold prices have risen by 31%, establishing themselves among the top-performing asset classes for 2025. Silver, too, has shown resilience, maintaining prices above ₹1 lakh/kg over the past three weeks and gaining 668.84% over the past two decades.

Current Gold and Silver Prices in Major Cities

• Mumbai: Gold bullion rate ₹97,220/10 gm, MCX gold rate ₹97,100/10 gm, Silver bullion rate ₹1,08,320/kg, MCX silver 999 rate ₹1,08,535/kg
• Delhi: Gold bullion rate ₹97,050/10 gm, MCX gold rate ₹97,100/10 gm, Silver bullion rate ₹1,08,140/kg, MCX silver 999 rate ₹1,08,535/kg
• Kolkata: Gold bullion rate ₹97,090/10 gm, MCX gold rate ₹97,100/10 gm, Silver bullion rate ₹1,08,180/kg, MCX silver 999 rate ₹1,08,535/kg
• Bengaluru: Gold bullion rate ₹97,290/10 gm, MCX gold rate ₹97,100/10 gm, Silver bullion rate ₹1,08,410/kg, MCX silver 999 rate ₹1,08,535/kg
• Hyderabad: Gold bullion rate ₹97,370/10 gm, MCX gold rate ₹97,100/10 gm, Silver bullion rate ₹1,08,500/kg, MCX silver 999 rate ₹1,08,535/kg
• Chennai: Gold bullion rate ₹97,530/10 gm, MCX gold rate ₹97,100/10 gm, Silver bullion rate ₹1,08,630/kg, MCX silver 999 rate ₹1,08,535/kg

These figures are subject to change based on market conditions and retail considerations. It is advisable to consult certified experts before making any investment decisions.

Disclaimer: The views and recommendations expressed in this article are those of individual analysts or broking companies and not of Mint. Investors are advised to seek professional advice before making any investment decisions.