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Gold, Silver Prices Today: On MCX, gold futures trade higher by 0.58% at Rs 97,251 per 10 gram, while silver surges by 1.21% to trade at an all-time high of Rs 1,10,441 per kg.
Gold, Silver Prices Today, July 11.
Gold, Silver Prices In India Today, July 11: Gold prices on Friday appreciated after US President Donald Trump announced new tariffs on Canadian imports and broader tariff threats to other trading partners. Silver also surged to hit its all-time high level.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.58% at Rs 97,251 per 10 gram, while silver (expiring on September 5, 2025) surged by 1.21% to trade at an all-time high of Rs 1,10,441 per kg.
Rahul Kalantri, vice-president of Mehta Equities, said, “Gold and silver prices rose, marking a second consecutive session of gains as investors sought safety amid mounting trade tensions and fresh policy risks. US President Donald Trump unveiled a steep 35% tariff on Canadian imports effective August 1 and signalled new blanket tariffs of 15-20% on most other trading partners, adding to prior threats on Brazil and key commodities.”
Trump’s push for a massive 300 basis-point Fed rate cut fuelled speculation of a dovish central bank shift, raising concerns about future inflation. Meanwhile, robust labour data kept near-term rate cut bets intact but pointed to a solid economy overall, he added.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On July 11?
In Mumbai, the price of gold stood at Rs 90,750 per 10 grams for 22-carat and Rs 99,000 per 10 grams for 24-carat.
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 90,900 | Rs 99,150 |
| Jaipur | Rs 90,900 | Rs 99,150 |
| Ahmedabad | Rs 90,800 | Rs 99,050 |
| Patna | Rs 90,800 | Rs 99,050 |
| Mumbai | Rs 90,750 | Rs 99,000 |
| Hyderabad | Rs 90,750 | Rs 99,000 |
| Chennai | Rs 90,750 | Rs 99,000 |
| Bengaluru | Rs 90,750 | Rs 99,000 |
| Kolkata | Rs 90,750 | Rs 99,000 |
International Gold Prices
In the international market, spot gold rose 0.3% to $3,333.67 per ounce as of 0245 GMT. US gold futures added 0.6% to $3,345.10.
On Thursday, Trump said US would impose a 35% tariff on imports from Canada and planned to impose blanket duties of 15% or 20% on most other trade partners. This follows Wednesday’s announcement of a 50% tariff on US copper imports and a similar levy on goods from Brazil, along with tariff notifications sent earlier to other trading partners, including Japan and South Korea.
All newly announced tariffs will take effect on August 1.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h…Read More
Haris is Deputy News Editor (Business) at news18.com. He writes on various issues related to personal finance, markets, economy and companies. Having over a decade of experience in financial journalism, Haris h… Read More
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