Archive · 31 Jul 2026
Gold, Silver Prices Dip Amid US‑Iran Tensions
Gold and silver prices changed a little on July 30 and 31.
On the 30th, gold went up a bit in the world market after the Fed chair talked about inflation, but it fell a bit in India.
US forces also started hitting Iran that day, which made people nervous.
On the 31st, gold and silver prices in India went down because people were still worried about the US and Iran.
The prices were shown in dollars for the world market and in rupees for India.
The market was a bit shaky because of all the news.
Gold prices edged higher on 30 July internationally after Fed Chair Kevin Warsh’s comments, but fell slightly in India.
Spot gold rose 0.3% to $4,076.29/oz; US gold futures gained 1% to $4,073.60.
US forces launched strikes against Iran on 30 July, heightening geopolitical tensions that influenced bullion markets.
On 31 July, gold and silver prices in India declined amid uncertainty over US‑Iran tensions and Trump’s tariff proposal.
MCX gold and silver futures on 31 July were slightly lower, with gold at ₹144,010/10g and silver at ₹219,730/kg.
- Who
- US Federal Reserve Chair Kevin Warsh, US President Donald Trump, US forces, Indian bullion market participants
- What
- Fluctuations in gold and silver prices in India and international markets
- When
- 30 and 31 July 2023
- Where
- International markets, India (Delhi, Mumbai, Kolkata, etc.), United States
- Why
- Fed comments, US‑Iran tensions, Trump’s tariff proposal, market uncertainty
- Date
- 30 July 2023
- Date
- 31 July 2023
- Spot Gold Price
- $4,076.29 per ounce
- MCX Gold Price (30 Jul)
- ₹142,530 per 10 g
- MCX Gold Price (31 Jul)
- ₹144,010 per 10 g
- MCX Silver Price (30 Jul)
- ₹217,010 per kg
- MCX Silver Price (31 Jul)
- ₹219,730 per kg
