what is the gold price today 24 carat : July 8, 2025
Today’s gold price was stable, with increased Treasury yields and a strong dollar restricting the precious metal’s prospective gains.
Following a moderate trend in global bullion prices following US President Donald Trump’s announcement of additional tariffs on imports from a number of nations, including South Korea and Japan, the price of gold on the Multi Commodity Exchange (MCX) began lower on Tuesday.
Compared to its previous close of 97,270,the MCX gold rate opened 0.1% lower at 97,172 per 10 grams. At ₹1,08,498 per kg,the MCX silver rate began 0.16% higher than its previous close of ₹1,08,321.
The price of MCX gold was down ₹134,or 0.14%, at the 97,136 level at 9:25 AM,while the price of MCX silver was up ₹81,or 0.07%,at the 1,08,402 level.
Gold prices remained stable on the global bullion market, with increased Treasury yields and a strong dollar restricting the precious metal’s prospective gains. US gold futures held steady at $3,344.20, while the spot price of gold stayed stable at $3,334 per ounce.
On August 1,Trump started informing trading partners that the United States will impose 25% tariffs on imports from South Korea and Japan, among other countries. According to Reuters,Trump stated that he would consider extensions if nations submitted offers,but that the August 1 deadline for enforcing the tariffs was solid.
Outlook for Gold Prices :
Trivedi predicts that the August MCX Gold futures could fall to ₹96,800 per 10 grams since it is a strong support level and the ₹97,300 level is a resistance level.
“Today’s gold price outlook is flat to bearish,”Trivedi stated.
According to Rahul Kalantri, VP of Commodities at Mehta Equities Ltd., the price of gold has resistance between $3,360 and $3,375 and support between $3,315 and $3,295.The price of silver has resistance between $37.00 and $37.25,and support between $36.35 and $36.00.
The price of MCX gold has resistance between 97,710 and 98,180 and support between 96,990 and 96,680. According to Kalantri,the price of silver has resistance at ₹1,08,950 to ₹1,09,700 and support at ₹1,07,480 to ₹1,06,550.
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