Gold and Silver Prices Dip: Gold Falls ₹10 to ₹99,270, Silver Trades at ₹1,13,900

Gold price dipped by ₹10 to ₹99,270, while silver fell by ₹100 to ₹1,13,900. The price of 22-carat gold increased by ₹10 to ₹90,990. US gold prices dropped due to a stronger dollar and easing market tensions. Spot gold fell 0.2% to $3,340.16 per ounce, and US gold futures declined 0.4% to $3,346.50.

Gold and silver prices experienced notable fluctuations on July 2, 2025, amidst geopolitical tensions and market dynamics. Gold prices dipped by ₹10 to ₹99,270, while silver fell by ₹100 to ₹1,13,900. The price of 22-carat gold increased by ₹10 to ₹90,990.

US gold prices dropped due to a stronger dollar and easing market tensions. Spot gold fell 0.2% to $3,340.16 per ounce, and US gold futures declined 0.4% to $3,346.50 [3].

These fluctuations were influenced by various factors. Firstly, the US dollar's strength traditionally lowers commodity prices, including gold. Secondly, market tensions, such as potential tariffs and geopolitical events, can affect gold prices. For instance, the European Commission's preparation to target $84.1 billion worth of US goods for possible tariffs if trade talks fail added uncertainty to the market [3].

Moreover, the price of 22-carat gold increased by ₹10 to ₹90,990, reflecting the market's response to the latest geopolitical developments and the ongoing trade tensions. The price of gold in different countries also varied, with notable differences in currency rates and price points [1].

Silver prices, on the other hand, fell by ₹100 to ₹1,13,900, influenced by similar factors. The silver market is sensitive to industrial demand and geopolitical risks, and the recent market conditions led to a decrease in silver prices.

In conclusion, gold and silver prices were driven by a combination of geopolitical tensions, market dynamics, and currency fluctuations. The market's response to these factors resulted in significant price changes, highlighting the importance of staying informed about global events and economic indicators.

References:
[1] https://pricegold.net/in-india/
[2] https://seekingalpha.com/news/4466330-copper-futures-jump-2-after-trump-tariff-decision-global-mine-output-seen-rising-25-in-2025
[3] https://www.marketscreener.com/quote/index/S-P-GSCI-SILVER-INDEX-46869173/news/Gold-pares-gains-after-Trump-shoots-down-talk-of-ousting-Powell-50519134/