Gold Silver Price Today 22 January 2025: Gold and Silver rates eased after record highs as easing Greenland tensions and a firmer US dollar reduced safe-haven demand, pushing gold and silver lower worldwide.
The shift came after the US President’s comments that a “framework of a future deal” over Greenland had been agreed, calming earlier market anxieties. (File Photo)
Gold Silver Price Today 22 January 2025: Gold and silver prices pulled back on Thursday after hitting unprecedented highs, as easing geopolitical fears over Greenland and a stronger US dollar weakened safe-haven demand. International spot gold dropped about 0.8% while silver eased nearly 0.9%, reversing a powerful rally that had taken precious metals to historic peaks.
The shift came after the US President’s comments that a “framework of a future deal” over Greenland had been agreed, calming earlier market anxieties.
Analysts say investors moved away from gold and silver as fear-driven buying subsided. Trump’s reversal on tariff threats against European nations and his softer stance on the Greenland dispute helped bolster risk appetite, weakening demand for safe assets such as gold and silver.
The stronger US dollar, which often moves inversely to bullion prices, added further pressure on metals.
This pullback highlights how volatile precious metals remain when geopolitical developments shift quickly. Longer-term trends still show gold and silver up sharply over recent months as investors sought protection from uncertainty.
In major Indian cities, gold prices remained elevated despite the day’s decline.
MCX gold opened lower compared with recent highs, while silver showed mixed moves, trading higher after previous record levels. Prices remain close to all-time highs despite the recent fall.
Precious metals remain sensitive to macro news and dollar movements. While recent corrections eased from extremes, gold and silver are still trading at historically high levels. Traders suggest caution and watching key support and resistance levels before entering new positions.
In summary, gold and silver prices corrected from record highs due to easing fears around Greenland and a firmer dollar. Although strong uncertainty had driven metals to new peaks, calmer global sentiment triggered a pullback, yet bullion remains elevated compared with long-term historical levels.
