July 25, 2025 6:02 PM.
In the Indian Bullion Market, 24 Karat Gold was trading over 0.6 per cent down at 98,590 rupees per 10 grams, and Silver was also trading over 0.3 per cent down at 1,14,960 rupees per kilogram a short while ago.
At the Multi Commodity Exchange, gold for the August contract was trading almost 0.6 per cent down at 98,150 rupees per 10 grams, while Silver for the September contract was also trading over 0.4 percent down at 1,14,710 rupees per kilogram when the reports last came in.
MCX Gold August 5 contracts traded 0.18 per cent down at ₹98,544 per 10 grams, while MCX Silver September 5 contracts were up by 0.17 per cent at ₹1,15,333 per kg around 9:10 AM.
After the US signed trade deals with Japan, the Philippines, Indonesia, and Vietnam, speculation is high that more deals could be announced in the coming days, dispelling the cloud of uncertainty over the tariff war.
According to media reports, the European Union (EU) believes a trade deal with the US is near, with a 15 per cent baseline tariff rate on the cards.
Meanwhile, Commerce Minister Piyush Goyal has expressed optimism that trade talks with the US are making “fantastic” progress and that India may receive preferential treatment from the US.