gold and silver
Gold silver price today: On July 7, a fall in the prices of gold and silver was recorded in the Delhi bullion market. Gold prices have softened for the second consecutive day. On Tuesday, gold fell by Rs 1,400 to the level of Rs 1.49 lakh per 10 grams. At the same time, silver buyers have also got slight relief, because its price has decreased by Rs 200 to Rs 2.40 lakh per kg. A day before this, on July 6, the closing price of gold in Delhi was Rs 1,50,650 per 10 grams.
Direct effect of slowdown in foreign markets visible
The roots of this decline in the domestic market are directly linked to foreign countries. Heavy selling pressure is being seen in both the precious metals at the international level. In the global market, spot gold has fallen by 0.59 percent to $ 4,140.59 an ounce. The situation of silver is also similar, which is trading at $ 60.89 per ounce after falling 2 percent. According to Praveen Singh, Head of Commodities at Sharekhan (Mirai Asset), spot gold has become soft in foreign markets due to slight rise in crude oil prices. Along with this, the strengthening of the Indian rupee against the dollar is also making gold cheaper domestically.
Investors’ eyes fixed on Fed Reserve meeting
There is an atmosphere of caution in the market at this time. Investors are cautious before making any big bets. HDFC Securities Senior Commodity Analyst Saumil Gandhi says that the trend of weakness in gold prices continues. Actually, the eyes of market experts are fixed on the minutes (details) of the June meeting of the US Federal Reserve. Before its release, everyone is trying to understand the market movements. Apart from this, the results of the ongoing second round of talks between America and Iran will also play an important role in determining the direction of gold prices in the future.
Why are prices falling from record highs?
If we look at the data of recent times, gold had never disappointed the investors. In the year 2025, this yellow metal had surprised investors by giving a bumper return of 70 percent. Even at the end of January this year, prices had reached their historical peak. But, since then sharp selling dominated the market. The US-Iran war deepened this decline. Gold, which was continuously giving excellent returns for the last several years, is currently facing huge pressure due to global crises.
