India, July 31 -- Gold prices settled lower on Thursday as uncertainty over US tariffs still prevail with less than a day remaining for the crucial deadline for negotiations to expire.

Front Month Comex Gold for August delivery edged down by $2.60 (or 0.08%) to $3,293.20 per troy ounce today. Gold is down by $1.20 (or 0.04%) per troy ounce for this month.

Front Month Comex Silver for August delivery slumped by $1.014 (or 2.70%) to $36.552 per troy ounce today. However, silver gained by 70.00 cents (or 1.95%) per troy ounce for this month.

Tomorrow is a crucial day for the global markets as it ends the suspension period of "reciprocal tariffs" set by the US.

With some of the major US trading partners like the UK, and Japan securing deals...