{"id":"f-73cd9b4b27-9c2a34bc-1f01-58cc-b68f-5c8db50bf1ea","title":"The impact of India-US trade deal on Gold & Silver prices: Expert explains","description":"Gold and silver prices, recently declining, surged today following the US-India trade deal and significant tariff cuts. Gold jumped over 3%, and silver showed recovery signs after a steep crash. The pact, reducing tariffs and shifting India’s oil focus, initially caused sell-offs but now signals a market rebound for precious metals.","timestamp":1770114600,"category":"business","headline":"The impact of India-US trade deal on Gold & Silver prices: Expert explains","modifiedHeadline":"India-US Trade Deal Affects Gold, Silver","subCategories":["scid_edbc7f13"],"region":"IN","bundleMetaData":{"bundleId":"ece1ae3d-908e-48c7-9e53-a4aa910ee4db","bundleTitle":"Grow Your Money","cardData":null},"iabCategoryId":"81","fcSummary":"gold and silver prices are recovering after a significant sell-off, largely due to the finalization of a US-India trade deal. This agreement includes tariff reductions on Indian goods and a shift in oil sourcing, easing geopolitical risks and strengthening the rupee, which typically impacts precious metal prices.","summary":"India-US trade deal boosts gold & silver prices, reversing recent declines after tariff cuts and shifting oil focus.","ctaUrl":"https://trends.glance.com/newz/astrology/IN/en/news9/f-73cd9b4b27-9c2a34bc-1f01-58cc-b68f-5c8db50bf1ea","sourceUrl":"https://www.news9live.com/business/biz-news/gold-and-silver-price-in-india-3-february-gold-and-silver-attempting-a-recovery-following-a-blood-moon-sell-off-says-ajay-suresh-kedia-2925968","bannerImage":"https://g-mob.glance-cdn.com/public/fc/image/ZK7A-b4P0qm0.webp","content":"

New Delhi: Gold prices have been declining in the last 2-3 days. However, both the precious metals went up today. On Monday, US and India announced that

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a trade agreement has been reached and United States President Donald Trump also also reduced that the tariff on Indian goods have been reduced from 25% to 18%.

Following the India-US trade pact and tariff cut announcement, 24-carat gold surged 3.28% to Rs 1,48,719 per 10 grams today on the Multi Commodity Exchange (MCX). On Monday, the yellow metal closed at Rs 1,41,900 per 10 grams (24 karat). On January 29, it had reached its highest level of Rs 1,80,779 per 10 grams.

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Meanwhile, Spot Gold jumped 4% to $4,830 per ounce. In the international market, spot gold declined to $4,781.60 per ounce. As per Indian Bullion and Jewellers Association (IBJA), Gold reached Rs 1,48,746 per 10 grams today morning.

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Silver prices have also recorded decline in the last two to three days. Silver jumped by 7.98 percent on the Multi Commodity Exchange (MCX) today, reaching Rs 255,126 per kg. On the previous day, i.e., Monday, it had closed at Rs 232,500 rupees per kg. Meanwhile, spot silver jumped by about 8 per cent to $82.74.

Gold & Silver attempting a recovery following a ‘blood moon’ sell-off

Ajay Suresh Kedia, commodity expert and founder & director of Kedia Advisory, said Gold and Silver are attempting a recovery following a historic “blood moon” sell-off over the last few days, largely triggered by the sudden finalization of the US-India Trade Deal. Prices corrected by nearly 10% from the January 29 peak of Rs 1.80 lakh. The market is currently digesting the news of Kevin Warsh’s nomination as US Fed Chair, which has strengthened the USD and traditionally weighs on gold.

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Speaking exclusively to News9, Kedia said Silver has experienced a “generational” correction, crashing nearly 36% from its recent all-time highs of Rs 4.20 lakh.

The deal announced by President Trump and PM Modi is a double-edged sword for precious metals:

Tariff Reductions: The US has cut reciprocal tariffs on Indian goods from 50% down to 18%. This includes the removal of the 25% “punitive duty” previously tied to India’s purchase of Russian oil.

The ‘Russian Oil’ Factor: India’s agreement to pivot away from Russian oil toward US and Venezuelan energy has eased geopolitical friction. This “normalization” of relations has reduced the geopolitical risk premium that was propping up gold prices.

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Currency Impact: The deal has sparked a rally in the Rupee, taking Rupee to 90.25. A stronger Rupee typically makes imported gold and silver cheaper in domestic terms, contributing to the price softening.

Gold Price Today

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Gold purity by carat	Morning rates
24 carat gold	Rs 148746 per 10 grams
23 carat gold	Rs 148150 per 10 grams
22 carat gold	Rs 136251 per 10 grams
18 carat gold	Rs 111560 per 10 grams
14 carat gold	Rs 87016 per 10 grams

Gold Rate today: City wise Price list

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City	24 carat gold (10 grams)	22 carat gold (10 grams)	18 carat gold (10 grams)
Delhi	₹153320	₹140550	₹115030
Patna	₹153220	₹140450	₹114930
Mumbai	₹153170	₹140400	₹114880
Kolkata	₹153170	₹140400	₹114880
Chennai	₹152180	₹139500	₹120000
Lucknow	₹153320	₹140550	₹115030
Varanasi	₹153320	₹140550	₹115030
Ayodhya	₹153320	₹140550	₹115030
Kanpur	₹153320	₹140550	₹115030
Meerut	₹153320	₹140550	₹115030
Ghaziabad	₹153320	₹140550	₹115030
Noida	₹153320	₹140550	₹115030
Chandigarh	₹153320	₹140550	₹115030
Gurugram	₹153320	₹140550	₹115030
Jaipur	₹153320	₹140550	₹115030
Ahmedabad	₹153220	₹140450	₹114930
Pune	₹153170	₹140400	₹114880
Ludhiana	₹153320	₹140550	₹115030
Guwahati	₹153170	₹140400	₹114880
Bhopal	₹153220	₹140450	₹114930
Indore	₹153220	₹140450	₹114930
Appearance	₹153220	₹140450	₹114930
Nagpur	₹153170	₹140400	₹114880
Nashik	₹153200	₹140430	₹114910
Bangalore	₹153170	₹140400	₹114880
Vadodara	₹153220	₹140450	₹114930
Bhubaneswar	₹153170	₹140400	₹114880
Cuttack	₹153170	₹140400	₹114880
Kerala	₹153170	₹140400	₹114880
Raipur	₹153170	₹140400	₹114880
Hyderabad	₹153170	₹140400	₹114880

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(Disclaimer: This article is only meant to provide information. News9 does not recommend buying or selling shares or subscriptions of any IPO, Mutual Funds, gold, silver, crypto assets and commodities like Copper, aluminium.)

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The impact of India-US trade deal on Gold & Silver prices: Expert explains

SUMMARY