MCX Silver prices in India hit a historic high of ₹1,20,000 per kg as US tariffs impact Indian exports. Gold prices also rise. Here’s why precious metals are climbing.
WTI hovers around $63.00 ahead of US tariffs on India
US tariffs on India : West Texas Intermediate (WTI) Oil price moves little after registering more than 2% decline in the previous session, trading around $63.10 per troy ounce during the Asian hours on Wednesday. Crude Oil prices remain steady as traders adopt caution ahead of new United States (US) tariffs on India, the world’s third-largest crude importer.
LME storage capacity falls as politics upend metal flows: Andy Home
The London Metal Exchange’s (LME) global warehousing capacity shrank by 4.25% over the first half of 2025 despite the opening of new delivery locations in Hong Kong and the Saudi Arabian port of Jeddah.
Today XAUUSD steady near $3,378 as Fed bets intensify
Gold (XAUUSD) price holds firm at around $3,370 on Monday as the Greenback recovers some ground following Federal Reserve (Fed) Chair Jerome Powell’s dovish tilt last Friday. A scarce economic docket on Monday, except for New Home Sales, keeps traders focused on labor market data and the Fed’s preferred inflation gauge, the Core Personal Consumption Expenditures (PCE) Price Index.
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