India silver price falls 2.21% on July 1, 2026 to ₹223 per gram
Silver fell 2.21% as a stronger USD and higher U.S. Treasury yields reduced demand for non-yielding metals, reinforced by expectations of further Fed tightening and upcoming U.S. labor data risk. The move signals tighter financial conditions weighing on precious metals broadly. In contrast, WTI rebounded on renewed Middle East geopolitical concerns, underscoring cross-commodity divergence driven by macro versus supply-risk factors.
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India’s silver price on July 1, 2026 stood at ₹223 per gram, down 2.21% on the day. The decline was attributed to a stronger U.S. dollar and rising U.S. Treasury yields weighing on non-yielding assets, alongside expectations of further U.S. Federal Reserve tightening. WTI crude rebounded to $70.13 per barrel as geopolitical concerns resurfaced after Iran refused to hold direct talks with U.S. officials, raising worries about the stability of a Middle East ceasefire.