Gold Rate Today: U.S. President Donald Trump has once again dropped a tariff bomb. This time, he imposed a 50% duty on imports from Brazil and on all copper imports. This move directly impacted the U.S. dollar, which weakened, and in turn led to fluctuations in gold prices.
Why Do Investors Consider Gold and Silver ‘Safe Havens’?
Whenever markets turn uncertain or global turmoil erupts, investors flock to assets like gold and silver, which are seen as safe havens. Over the past 20 years, gold has delivered an impressive return of about 1,200%. Back in 2005, gold was priced around ₹7,638 per 10 grams. Today, it has crossed ₹1 lakh. Silver hasn’t lagged behind either, offering roughly 669% returns over two decades. In other words, anyone who invested in these metals for the long term has seen solid gains.
How Much Are Gold and Silver Today?
On July 10, gold and silver prices slipped. Around 10 AM on MCX, gold was trading at approximately ₹96,547 per 10 grams, while silver hovered around ₹1,07,609 per kilogram. According to the Indian Bullion Association (IBA), 24-carat gold stood at ₹96,920 per 10 grams, and 22-carat gold was priced at ₹88,843 per 10 grams. Fine-quality silver (999) was quoted at ₹1,07,700 per kilogram.
Prices of gold and silver vary across cities like Delhi, Mumbai, Kolkata, Hyderabad, Bengaluru, and Chennai. It’s important to note that the rates for regular customers also include making charges, taxes, and GST, which means the final price can be higher.
In the meantime, let’s take a look at how gold and silver rates have changed today across major cities in India.
