Saturday, March 29, 2025
Today’s Gold & Silver Rates (16 July 2025): Prices Surge, Silver Hits Record High
| Purity | Price (₹) | Change (%) |
|---|---|---|
| 24K | ₹97,916 | +0.19% |
| 22K | ₹89,691 | -₹354 (vs yesterday) |
| 18K | ₹73,437 | -₹290 |
| 14K | ₹57,281 | — |
📊 MCX Gold (5 Aug 2025 Contract): ₹97,400/10g (+0.19%)
| Purity | Price (₹) |
|---|---|
| 999 | ₹1,11,997 |
| 📈 MCX Silver (Live): ₹1,11,771/kg (+0.26%) |
1️⃣ Global Trade Tensions: Trump’s new tariffs on imports (10%+) boosted gold’s safe-haven demand.
2️⃣ Weak US Dollar: Dollar depreciation made gold imports cheaper in India.
3️⃣ Festive Demand: Wedding season and upcoming festivals driving retail purchases.
4️⃣ Inflation Hedge: Investors flock to gold amid rising global inflation (US/EU).
Yesterday: ₹98,303
Today: ₹97,916 (↓₹387)
Prices set daily by India Bullion & Jewellers Association (IBJA).
Based on global rates, import taxes, and local demand.
✅ Long-term investors: Gold remains a stable hedge against inflation.
⚠️ Short-term traders: Monitor USD trends and Fed policy changes.
