Archive · 23 Jul 2026
Gold and silver prices decline amid geopolitical tensions
On July 23, the prices of gold and silver in India went down a bit.
This happened because there are some tensions between the United States and Iran, and also because of other things happening in the world.
The price of oil went up because something hit a tanker near Saudi Arabia.
The US and Saudi Arabia made a deal to work together on nuclear technology.
A secret service official said there are a lot of threats right now.
Some people in Yemen are getting ready to attack ships.
The US also passed a big spending plan for the military.
All these things are connected and affect how much gold, silver, and oil cost.
Gold and silver prices declined in India on July 23 amid geopolitical tensions.
MCX gold rate was trading 0.33% lower at ₹145,880 per 10 grams.
MCX silver futures were trading 0.32% lower at ₹226,970 per kg.
Oil prices rose after a projectile struck a tanker off Saudi Arabia.
US and Saudi Arabia reached a civilian nuclear cooperation deal.
US House passed a $1.15 trillion military spending package.
Gold prices varied across major Indian cities, with 24K gold in Delhi at ₹145,370/10 gm and 22K gold at ₹133,256/10 gm.
- Who
- Global markets and geopolitical entities
- What
- Decline in gold and silver prices, rise in oil prices, and US-Saudi nuclear cooperation deal
- When
- 23 July
- Where
- India, US, Saudi Arabia, Yemen, and global markets
- Why
- Geopolitical tensions, market speculation, and economic factors
Market Analysts
Geopolitical Experts
Impact of Geopolitical Tensions on Prices
Market Analysts
Market analysts attribute the decline in gold and silver prices to global economic factors and market speculation.
Geopolitical Experts
Geopolitical experts argue that the tensions between the US and Iran, as well as the nuclear cooperation deal, are significant factors influencing the prices.
- Date
- 23 July
- 24K Gold Price (Delhi)
- ₹145,370/10 gm
- 22K Gold Price (Delhi)
- ₹133,256/10 gm
- Silver Price (Delhi)
- ₹226,170/1 kg
- Brent Crude Price
- $95.99 per barrel
- US WTI Crude Price
- $88.27 per barrel
- US Military Bill
- $1.15 trillion