Archive · 24 Jul 2026
Gold and Silver Prices Decline Amid Geopolitical Tensions
On July 24th, the prices of gold and silver in India went down.
This happened because there's a lot of uncertainty in the world, especially between the United States and Iran.
There were attacks on tankers in the Red Sea, which made oil prices go up.
This can cause inflation, which is when prices for things go up over time.
The price of gold and silver went down a little bit in big cities like Delhi, Mumbai, and Kolkata.
Oil prices also went up a lot because of the fighting in the Middle East.
The Dow Jones, which is a measure of the stock market, went down too.
There was also news about new tariffs and a hunger strike by an environmental activist.
Gold and silver prices declined in India on 24 July due to economic uncertainty and geopolitical tensions.
24K gold prices in Delhi were ₹142,380/10 gm, and 22K gold prices were ₹130,515/10 gm.
Silver prices in Delhi were ₹217,880/1 kg.
Brent crude oil prices surged to $100.69 per barrel, and US WTI crude prices rose to $92.19 per barrel.
The Dow Jones Industrial Average dropped by 506.93 points, and the 10-year Treasury yield rose to 4.699%.
- Who
- Investors and market analysts
- What
- Decline in gold and silver prices amid geopolitical tensions
- When
- 24 July
- Where
- India (Delhi, Mumbai, Kolkata, Bengaluru, Hyderabad, Chennai)
- Why
- Due to economic uncertainty and tensions between the United States and Iran
Market Analysts
Geopolitical Experts
Impact of Geopolitical Tensions on Prices
Market Analysts
Market analysts suggest that the decline in gold and silver prices is due to reduced investor demand amid economic uncertainty.
Geopolitical Experts
Geopolitical experts argue that the tensions between the United States and Iran, along with attacks on tankers, are likely to drive prices up in the long term due to inflationary pressures.
- Date
- 24 July
- 24K Gold Price in Delhi
- ₹142,380/10 gm
- 22K Gold Price in Delhi
- ₹130,515/10 gm
- Silver Price in Delhi
- ₹217,880/1 kg
- Brent Crude Price
- $100.69 per barrel
- US WTI Crude Price
- $92.19 per barrel
- 10-Year Treasury Yield
- 4.699%