Overview

• Gold in New Delhi fell by Rs200 to Rs98,670 per 10 grams on July 17, extending a two-day decline as stockists sold down inventories.
• Silver weakened by Rs500 to Rs1,10,500 per kilogram on the same day following similar unloading of supplies by local dealers.
• Benchmarked MCX spot and futures prices have edged lower in line with physical rates, reflecting broad-based selling pressure.
• Global safe-haven demand has cooled after US-China tensions eased and President Trump signalled progress toward a US-India trade agreement.
• India’s gold imports fell 40% year-on-year to 21 tonnes in June, marking the lowest monthly volume since April 2023 as elevated prices deterred buyers.