Mumbai, August 7, 2025 — India’s stock markets reacted sharply today after the United States raised tariffs on Indian goods by an additional 25%, citing India’s continued trade ties with Russia, especially its oil imports, bringing the total to 50%. The news triggered a decline across major indices, with GIFT Nifty (Global Innovation Finance and Technology Nifty) falling around 60 points and both Nifty50 and Sensex opening lower.

Following the tariff move and weak U.S. job data, gold prices went up as investors looked for safer places to put their money. Many now expect that interest rates may be cut soon, which has further supported gold's upward trend.

On the Multi Commodity Exchange (MCX), gold is still trading above ₹1 lakh, showing strong demand. Experts say global uncertainty and possible rate cuts are key reasons behind the rise.

"Gold is a safe place when things are uncertain. People are buying it now because they want to protect their money," said a market analyst.

Last year, in 2024, gold went above its inflation-adjusted record from 1980, proving that it’s in a strong upward trend.

At the same time, silver is showing ups and downs in price. But some experts believe silver could be close to a big increase. A chart pattern called a "cup and handle" suggests this. Silver hasn’t yet reached its 2011 peak, but strong industrial demand and investor interest could help it rise in the future.

With global changes and economic worries, both gold and silver may remain popular choices for people who want safer investments.

Key Points:

• India’s markets fell after U.S. doubled tariffs on Indian goods.

• Gold is up by around 0.4% as investors seek safety.

• MCX gold remains above ₹1 lakh; silver prices are unstable.

• U.S. tariffs and job data raise chances of interest rate cuts.

• Silver could rise soon, say experts looking at chart trends.