Gold and silver prices dip in India amid tariff ripple

Gold and silver prices have softened across India as global tariff shifts send subtle ripples through the commodity markets.

In Delhi, Mumbai, Kolkata, and beyond, traders opened the week to a surprising dip in bullion rates, prompting a quiet but noticeable stir among buyers.

The decline, while modest, has been largely attributed to easing global trade tensions and recalibrations in international tariff policies.

As major economies, including the United States and China, reassess their trade strategies, global investors have begun shifting away from traditional safe-haven assets like gold and silver, leading to a cooling in demand and, subsequently, prices.

Delhi saw a drop of over ₹300 (Sh449.84) per 10 grams for 24K gold, while silver prices in Mumbai fell by nearly ₹1,000 (Sh1,499.48) per kilogram. In Kolkata, known for its traditional affinity for gold, the softer rates brought a fresh wave of foot traffic to local jewellers.

Many buyers, especially middle-income families, took the opportunity to make long-pending purchases — a quiet gold rush in miniature.

Market experts view this trend as a short-term correction rather than a long-term shift. With inflationary pressures and geopolitical uncertainty still looming, gold is expected to retain its appeal as a stable investment.

However, the current dip has provided a brief and rare window for savvy buyers looking to make the most of the market's mood.

Across the country, bullion traders remain cautiously optimistic.

They note that while international developments are nudging prices for now, India's cultural and seasonal demand will continue to shape domestic trends in the months to come.

For now, the gleam of gold and silver remains just a touch more affordable than it was last week.