Gold Price Today In India, July 8: Yellow Metal Holds Steady Amid Trump Tariffs
Gold Prices Today, July 8: In Mumbai, the price of gold stands at Rs 90,600 per 10 grams for 22-carat and Rs 98,840 per 10 grams for 24-carat.
Gold Prices In India Today, July 08: Gold prices in India on Tuesday held steady amid US trade tensions, with proposed 10% tariffs on BRICS countries and a 25% duty each on Japan and South Korea. In Mumbai, the price of gold stood at Rs 90,600 per 10 grams for 22-carat and Rs 98,840 per 10 grams for 24-carat.
The silver price stood at Rs 1,10,000 per kg in Mumbai.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading marginally up at Rs 97,200 per 10 gram, up by 0.02%, while silver (expiring on September 5, 2025) rose by 0.19% to trade at Rs 1,08,525 per kg.
Rahul Kalantri, vice-president of Mehta Equities, said, 'Precious metals opened the week under pressure, weighed by improved global risk appetite after stronger-than-expected US employment data and easing geopolitical risks from Israel-Hamas ceasefire talks. The dollar index's recovery from a 3.5-year low further contributed to the downside in gold and silver. However, bullish triggers came from renewed US trade tensions, with proposed 10% tariffs on BRICS countries and 25% duties on Japan and South Korea. Additionally, a weakening rupee supported gold and silver in Indian markets"
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