Overview

• President Trump announced on Truth Social that there will be no tariff on gold, prompting international futures to fall about 2.48% to $3,404.70 per ounce.
• On India’s Multi Commodity Exchange, gold futures dropped roughly ₹1,409 per 10 grams, a decline of approximately 1.38%.
• The Indian Bullion & Jewellers Association’s evening retail rate slid to ₹99,957 per 10 grams, dipping under the ₹100,000 threshold.
• Morning city-based retail quotes remained near or above ₹102,000 per 10 grams in some markets due to reporting lags and local taxes.
• Silver prices held mostly steady, and analysts say further policy updates and geopolitical shifts will shape gold’s short-term trajectory.