By Anurag Tiwari
Gold Price Update: The impact of tariffs is no longer confined to the stock market—it’s now shaking up the commodity space too. Amid rising concerns over U.S. tariffs, key global commodities like gold and crude oil are witnessing a sharp decline in prices. The sudden fall in gold rates has taken investors by surprise, while silver has also seen a steep drop.
Gold Price Crash: Tariff Tremors Trigger Sharp Fall, Silver Plunges Over Rs. 4,500
1. The price of 24-carat gold has dropped by over Rs. 2,600.
Big Drop in Gold Prices:
According to the Indian Bullion Jewellers Association (IBJA), the price of 24-carat gold has fallen sharply by ₹2,613 on Monday. It has come down from ₹91,014 to ₹88,401 per 10 grams.
Not just 24-carat, prices of other categories of gold have also dropped:
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22-carat gold is now priced at Rs. 86,280 per 10 grams
-
18-carat gold is now priced at Rs. 78,680 per 10 grams
This drop may bring some relief for people planning to buy jewellery, but it’s a setback for investors holding gold.
2. Silver prices have also seen a significant drop.
Silver Gets Cheaper – Your Wallet Might Finally Breathe Easy!
After gold, silver, too, is on a slippery slope! The price of 1 kg of silver has dropped by Rs. 4,535. It was earlier at ₹92,910/kg, and now it’s down to Rs. 88,375/kg. Looks like silver has officially switched to “Budget-Friendly” mode.
Maybe silver thought –
“If gold can take a tumble, why should I stay behind?”
3. What’s Behind the Drop in Gold Prices?
Why Did Gold Prices Fall? Looks Like Even Gold Needed a Break!
The main reason behind the drop in gold rates is the global market cooling off. Gold, which was shining bright at $3,201 per ounce, decided to chill a bit and slid down to $3,060 per ounce.
And silver? Well, not wanting to be left out, it also slipped from its high of $35 to $30.40 per ounce.
Looks like both gold and silver are taking a “Summer Sale” detour — investors may panic, but shoppers are smiling!
4. Crude oil prices also came under pressure
Crude oil prices also came under pressure following U.S. President Donald Trump’s announcement of reciprocal tariffs.
On Monday, Brent Crude dropped by 2.12% to settle at $64.24 per barrel, while WTI Crude declined by 2.24%, reaching $60.61 per barrel.
Crude Oil Cools Down – Looks Like Petrol & Diesel Might Take a Break Too!
After gold and silver, crude oil is also feeling the heat (or should we say, the pressure?). Prices in the international market are falling, and it seems like oil is asking itself – “What’s the point of being this expensive anymore?”
Maybe now our wallets will feel a little less light at the petrol pump!
5. Crude oil takes a dive, slipping nearly 14%!
Since the imposition of reciprocal tariffs, crude oil prices have dropped by nearly 14%. The decline in crude oil is mainly due to growing concerns of a global economic slowdown triggered by the U.S., which could lead to reduced demand for crude oil.
Crude Oil Slips — Looks Like Even Oil’s Feeling the Heat of Tariffs!
Ever since those “reciprocal tariffs” showed up at the party, crude oil prices have tumbled nearly 14%. Why? Well, fears of a global economic slowdown (thanks to tensions with the U.S.) are making oil nervous. It’s probably thinking — “If no one’s gonna drive, why should I stay expensive?”
Today’s Gold Price Update (Per Gram & 10 Grams)
| City | Purity | Rate/Gram | Rate/10 Grams | |
|---|---|---|---|---|
|
Gold Price in Delhi |
22K | Rs. 8,240 | Rs. 82,400 | |
| 24K | Rs. 8,988 | Rs. 89,880 | ||
| 18K | Rs. 6,742 | Rs. 67,420 | ||
| Gold Price in Mumbai | 22K | Rs. 8,225 | Rs. 82,250 | |
| 24K | Rs. 8,973 | Rs. 89,730 | ||
| 18K | Rs. 6,730 | Rs. 67,300 | ||
| Gold Price in Chennai | 22K | Rs. 8,225 | Rs. 82,250 | |
| 24K | Rs. 8,973 | Rs. 89,730 | ||
| 18K | Rs. 6,780 | Rs. 67,800 |
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