Gold Rate Today: On Thursday, there was a slight decline in gold prices in India. On July 10, the price of gold opened on the red mark on the day of Guru Purnima. This was due to a slight softness in the US dollar and a decline in bond yields. At the same time, the impact of the tariff policy of the investor US President Donald Trump and the international trade was also seen. Know what was the price of gold-silver on Thursday 10 July 2025 in the bullion market of big cities of the country.
Gold-silver price in Mumbai
22 carat gold: Rs 89,990 per 10 grams
24 carat gold: Rs 98,170 per 10 grams
Silver: Rs 1,09,900 per kg
The condition of the futures market (MCX)
Gold Futures (5 August 2025): 96,510 rupees per 10 grams (light gain of 0.05%)
Silver Futures (5 September 2025): Rs 1,07,450 per kg (0.17% gain)
Gold trick in international market
Spot Gold: $ 3,322.46 per ounce (0.3% gain)
US Gold Futures: $ 3,331 per ounce (above 0.3%)
Market stir and trump tariff policy
According to the Vice President of Mehta Equities Rahul Kalantar, the ups and downs were seen in the beginning of the day, as there was no new surprise in the Federal Reserve meeting. The American Fed has said that the labor market is strong, but more clarity is needed regarding inflation and economic activities.
During this period, the dollar has slipped to 97.3 and the fall in the Treasury Yield gave gold support. Trump on Wednesday announced a 50% tax on copper imports in the US and has also announced a 50% duty on goods coming from Brazil, which will be applicable from August 1. Also, tariff notices have been issued for seven more countries. However, Trump has described the trade talk with China and the European Union as positive.
Gold is not only a source of investment in India, but it is traditionally used in weddings and festivals. In such a situation, there is a direct impact on the general public.
Gold price of Thursday 10 July 2025 in bullion market of big cities of the country
How is the price of gold in India decided?
Gold prices are fixed on the basis of international market prices, import duty and tax, exchange rate, demand and supply of supply.