Amid global signals, gold prices fell by Rs 1000 per 10 grams in the bullion market of the national capital Delhi on Tuesday. The All India Bullion Association said that on 12 August 2025, gold with 99.9 percent purity has come to ₹ 1,01,520 per 10 grams. On Monday, it closed at ₹ 1,02,520 per 10 grams. According to PTI news, gold with 99.5 percent purity in local markets fell ₹ 1,000 to ₹ 1,01,100 per 10 grams (including all taxes). On Monday, it closed at ₹ 1,02,520 per 10 grams.
Due to these reasons, gold attitude is soft
According to the news, gold prices fell due to selling in global markets. Chintan Mehta, CEO of the Abson Financial Services, said that there will be no duty on gold imports- the prices of US President Donald Trump came under pressure after this social media announcement. Although the White House has not yet been formally confirmed, this statement has reduced some business concerns. Also, the White House also announced on Monday that high-level charges on China have been postponed till 11 November. This decision has provided some relief in macroeconomic stresses, which has put pressure on gold prices.
Silver price declined, rupee strengthened
Silver prices also saw a huge decline on Tuesday. It fell ₹ 2,000 to ₹ 1,12,000 per kg (including all taxes). It was ₹ 1,14,000 per kg on Monday. On Tuesday, the rupee remained stable in a limited range and closed at 87.72 (provisional) only 3 paise against the US dollar.
How was the condition of gold in the global market?
Spot Gold in New York was trading at 3,347.18 an ounce with a slight gain of 0.13 percent. Ogmont’s Research Head Renisha Chanani said that Trump’s announcement made it clear that gold imports would not be imposed, which reduced the possibility of huge increase in import costs and prices fell below the USD 3,400 per ounce. At the same time, the spot silver in global markets was trading about 1 percent to USD at 37.90 an ounce.
What will be the direction ahead?
Experts say that investors are now monitoring the upcoming American macroeconomic data- such as Consumer Price Index (CPI), Producer Price Index (PPI) and Retail Sales. These figures will help fix the possible direction of the interest rates of the Federal Reserve. At the same time, the speeches of American Fed officials will also affect the direction of the near-future of US dollar prices and will give direction to the speed of bullion i.e. precious metals.
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