Gold Prices Dip Slightly After Four-Day Surge Amid India-US Trade Talks

After a four-day rally, gold prices saw a minor correction on Tuesday, July 15, 2025, with rates softening slightly in early trade. As of 9:33 AM IST, the Multi Commodity Exchange (MCX) quoted:

• ₹97,969 for 10 grams of 24-carat gold
• ₹89,824 for 10 grams of 22-carat gold

Despite this dip, the bullion market shows a marginal 0.17% increase compared to yesterday’s close, with rates climbing to:

• ₹98,340 (24-carat/10g)
• ₹90,145 (22-carat/10g)

📉 Silver also declined, with MCX quoting:

• ₹1,12,400 per kg (down 0.47%)
• Bullion rate: ₹1,12,570 per kg (down 0.45%)

💼 Why the fluctuation?
The correction comes as India and the U.S. began trade negotiations in Washington to finalize the first phase of a bilateral trade deal. The talks aim to wrap up before President Donald Trump’s August 1 reciprocal tariff deadline, under which new tariffs on Mexico, Canada, and the EU are already announced.

These tariff tensions had fueled the earlier gold rally as investors sought safe havens amid economic uncertainty.

📊 Citywise MCX and Bullion Gold Rates (24-carat/10g) – July 15

📌 Chennai recorded the highest prices, while New Delhi saw the lowest.

📅 Yesterday’s Recap (July 14):

• MCX: ₹98,141 (24-carat), ₹90,053 (22-carat)
• Bullion: ₹98,440 (24-carat), ₹90,237 (22-carat)
• 0.23% increase from Friday

The rally was largely attributed to Trump’s new 30-35% tariffs and anticipation over Indo-US trade resolutions.

💡 What’s Next?

• Gold prices may remain volatile depending on the outcome of trade negotiations and further tariff developments.
• Investors are closely watching for any breakthroughs that might influence dollar strength, global trade dynamics, and safe-haven demand.

📲 Stay updated with real-time gold and silver prices across India’s cities and track the impact of global geopolitics on your investments.