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Gold climbs Rs 550 to Rs 99,120/10 g; silver remains flat
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....old climbs Rs 550 to Rs 99,120/10 g; silver remains flat<BR>PTI News<BR>Dated:- 8-7-2025<BR>PTI<BR>New Delhi, Jul 8 (PTI) Gold prices climbed Rs 550 to Rs 99,120 per 10 grams in the national capital on Tuesday due to fresh buying by stockists, according to the All India Sarafa Association. The precious metal of 99.9 per cent purity had closed at Rs 98,570 per 10 grams on Monday. Gold of 99.5 per....
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.... cent purity increased by Rs 500 to Rs 98,600 per 10 grams (inclusive of all taxes). Additionally, silver prices remain unchanged for the third straight session at Rs 1,04,800 per kilogram (inclusive of all taxes) on Tuesday. Meanwhile, spot gold in the international markets depreciated by USD 11.42 or 0.34 per cent to USD 3,325.09 per ounce. "Gold reversed yesterday's losses and traded higher....
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.... on Tuesday as concerns about the potential resumption of a trade war grew. This shift in sentiment followed President Donald Trump's announcement of plans to impose 25 per cent tariffs on goods imported from Japan and South Korea, effective August 1. "This decision reflects President Trump's wider initiative to reform US trade policies, which have consistently created uncertainty in the markets.....
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.... This uncertainty acts as a tailwind for the safe-haven asset gold," Saumil Gandhi, Senior Analyst - Commodities at HDFC Securities, said. Investors will closely watch developments on US trade negotiations, the Fed's commentary in meeting minutes, and fresh inflation data, all of which could determine gold's next move, Abans Financial Services' Chief Executive Officer Chintan Mehta said. Accordi....
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....ng to Tejas Shigrekar, Senior Technical Analyst- Commodities and Currencies, Angel One, gold continues to be a fundamental hedge asset. Market players are juggling weakening US economic data, increased geopolitical tensions, and ongoing inflation in developed economies as of July 2025. "While indicating the end of rate hikes, central banks, particularly the Federal Reserve, continue to exercise c....
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....aution and allow for data-driven changes. With treasury inflows stabilising and real yields plateauing, gold futures are remaining strong. "Since June, the dollar has weakened, increasing the appeal of gold to customers. Long-term demand has also been sustained by central bank purchases, particularly from developing nations like China and India," Shigrekar said. After a temporary break, ETF infl....
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....ows have resumed, and jewellery markets continue to exhibit robust physical demand, he added. PTI HG HG BAL BAL<BR> News - Press release - PIB....