gold prices plunge ₹1,000 to ₹1,01,520 per 10 grams in delhi
Gold tumbles across markets after US president clarifies no tariffs on gold imports.
On August 12, 2025, gold prices in Delhi dipped sharply by ₹1,000, settling at ₹1,01,520 per 10 grams—reflecting a global market reaction to eased trade concerns. The drop comes after US President Donald Trump clarified that gold imports would not face tariffs, alleviating fears of elevated import costs. The decline wasn’t limited to gold: silver prices plummeted by ₹2,000 to ₹1,12,000 per kilogram. Meanwhile, futures contracts tracked similar moves, with MCX October gold futures dropping to around ₹1,00,950 per 10 grams due to profit booking and improved investor sentiment. Analysts highlight that the stronger rupee—moved up by about 10 paise against the dollar to ₹87.65—also contributed to lowering domestic bullion prices. Looking ahead, markets are keeping an eye on upcoming macroeconomic data and whether tariffs or geopolitical shifts could swing prices again.
