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Gold Prices Today: Gold Slips, Tariffs Grip: Markets Get a Bit of Drama and Glitter
Gold gave a little shimmer on Tuesday—only to dull down by Wednesday. MCX opened with a 0.31% dip, quoting ₹96,290 for 10 grams of 24-carat and ₹90,556.28 for 22-carat. Bullion rates followed suit, sliding 0.26% to RS 96,540 (24-carat) and Rs 88,495 (22-carat). Chennai’s got the priciest gold in the pack, while New Delhi’s offering more wallet-friendly sparkle. Silver’s basically standing still—Rs 108,027/kg on MCX and ₹108,110 in the bullion market, marking a microscopic 0.01% drop.
But wait—there’s more than just metal movement. Across the pond, President Donald Trump has fired off the first batch of tariff letters to 14 countries (Myanmar and Laos catching the brunt with up to 40%). He also signed an executive order pausing a separate set of reciprocal tariffs, pushing trade talks to “maybe August 1″—unless he changes his mind (which he might). “Firm, but not 100% firm,” he teased.
White House Press Secretary Karoline Leavitt confirmed more letters are incoming this week.
So while gold cools off and silver chills, global trade’s heating up. Are you hedging your bets, stacking coins, or just here for the political popcorn? Let us know!
| City | Gold Price (22-Carat/10 gm) | Gold Price (24-Carat/10 gm) | Silver Price (Rs/kg) |
| Delhi | Rs 90,150 | Rs 96,450 | Rs 1,10,000 |
| Noida | Rs 90,150 | Rs 96,450 | Rs 1,10,000 |
| Lucknow | Rs 90,150 | Rs 96,450 | Rs 1,10,000 |
| Mumbai | Rs 90,150 | Rs 96,610 | Rs 1,10,000 |
| Bengaluru | Rs 90,150 | Rs 96,610 | Rs 1,10,000 |
| Chennai | Rs 90,150 | Rs 96,890 | Rs 1,10,000 |
| Pune | Rs 90,150 | Rs 96,610 | Rs 1,10,000 |
| Ahmedabad | Rs 90,150 | Rs 96,610 | Rs 1,10,000 |
| Kolkata | Rs 90,150 | Rs 96,610 | Rs 1,10,000 |
| Hyderabad | Rs 90,150 | Rs 96,770 | Rs 1,10,000 |
(The Prices Mentioned Were Taken From Good Return)
On July 9, 2025, silver prices on the Multi Commodity Exchange (MCX) to Rs 1,10,000 per kilogram, reflecting a mild cooldown after recent highs. The metal had surged earlier on safe-haven demand amid heightened geopolitical tensions. This price determination is totally based on how silver is reacting to the tariff tantrums of Trump.
Why silver reacts so easily and sharply — a few facts you should know.
(Disclaimer: This article is for informational purposes only and should not be construed as an investment advice. Prior to making an investment, conduct thorough research and consult with your financial advisor.)
Also Read: Stock Market Today Live Updates: Markets Stay Calm, Tariff Impact Delayed, Flat Opening Expected
Aishwarya is a journalism graduate with over three years of experience thriving in the buzzing corporate media world. She’s got a knack for decoding business news, tracking the twists and turns of the stock market, covering the masala of the entertainment world, and sometimes her stories come with just the right sprinkle of political commentary. She has worked with several organizations, interned at ZEE and gained professional skills at TV9 and News24, And now is learning and writing at NewsX, she’s no stranger to the newsroom hustle. Her storytelling style is fast-paced, creative, and perfectly tailored to connect with both the platform and its audience. Moto: Approaching every story from the reader’s point of view, backing up her insights with solid facts.
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