Overview

• Silver futures on the MCX surged 1.21% to ₹1,10,441 per kilogram on July 11, propelled by fresh US tariff threats that include steep duties on Canadian imports and new levies on copper and pharmaceuticals.
• Gold prices in New Delhi recovered by ₹250 to ₹98,670 per 10 grams on July 10 and held near that level on July 11 as investors and stockists sought safe-haven assets in trade-policy uncertainty.
• A firm US dollar and reduced expectations for aggressive Fed rate cuts have kept spot gold trading around USD 3,300 per ounce as markets await the Fed’s June minutes.
• Industrial demand for silver in electronics and renewable-energy sectors is reinforcing record highs for the white metal, adding to classic safe-haven buying.
• Traders are monitoring US economic data and global tariff announcements closely for signs of further precious-metals volatility, especially ahead of Federal Reserve policy guidance.