Archive · 24 Jul 2025
Gold, Silver Prices Dip on Easing Tariff Worries, Weak Dollar
Gold and silver prices went down because investors were less worried about trade tariffs.
This made investors more willing to take risks.
The US made a trade deal with Japan and might make one with Europe.
The value of the dollar also went down, which made gold and silver seem cheaper for some buyers.
India is also trying to make a trade deal with the US.
This is all happening in a time when prices are changing a lot because of trade talks.
Gold and silver prices declined in the domestic futures market.
Easing concerns on US tariffs improved investors' risk appetite.
The dollar index fell to a more than two-week low.
US finalized a trade deal with Japan.
India is in negotiations for a deal with the US.
- Who
- Investors and traders.
- What
- Gold and silver prices declined in the domestic futures market.
- When
- July 24th, 2024, around 9:10 AM
- Where
- Domestic futures market.
- Why
- Easing concerns on US tariffs improved investors' risk appetite and a weaker dollar.
- MCX Gold August 5 contracts
- 0.43% lower at ₹98,988 per 10 grams
- MCX Silver September 5 contracts
- 0.70% down at ₹1,14,821 per kg
- Dollar Index
- Fell to 97.11