SRINAGAR: Gold prices in India declined by Rs 500 to settle at Rs 98,870 per 10 grams, while silver dropped sharply by Rs 1,000 to Rs 1.11 lakh per kilogram on Wednesday, July 16, 2025
The decrease in gold prices comes amid ongoing volatility in the bullion market. According to analysts, selling pressure was observed as investors booked profits ahead of crucial US inflation data releases and in response to a rebound in the US Dollar index, which typically dampens demand for precious metals. Geopolitical tensions and uncertainties surrounding global trade policies, including recent tariff announcements by the US administration, have also contributed to market fluctuations in both gold and silver.
Silver prices, after surging to record highs earlier this week, also experienced a significant pullback, mirroring gold’s trend. The price drop in both metals follows a period of heightened demand as safe-haven assets, triggered by global economic uncertainties and fresh import tariffs impacting market sentiment.
With these latest corrections, market participants are closely watching upcoming macroeconomic data releases and international policy cues for further direction on precious metal prices in the near term.
