Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Indian Gold Prices Plummet Amid Rising Tensions Between US and Iran

Guavy AI Editorial Team
Instruments
Oil Gold Silver
Share

Gold and silver prices in India declined on July 31 due to ongoing tensions between the US and Iran. The price of gold, in particular, fell as a result of the dollar index rising about 0.40%, making gold more expensive for buyers using overseas currencies.

The decline was also attributed to oil prices falling after Saudi Arabia proposed a naval coalition to protect key trade routes from Iranian attacks.

According to MCX data, gold rate on July 31 was trading at ₹144,010 per 10 grams, down 0.05% from the previous day's closing price.

More on Commodities

Commodities 1m ago

WTI Crude Prices Stabilize Amid Diplomatic Hopes and Increased Shipping

Commodities 1m ago

Netherlands' Manufacturing Output Prices Rise 4.4% in June Amid Slowing Crude Oil Price Growth

Commodities 2m ago

Guangdong Copper Prices Plummet as Weak Demand Forces Suppliers to Slash

Disclaimer: Guavy is a data and market intelligence provider, not an investment advisor. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Real-time market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy