Gold and Silver Ease Off Highs—City-Wise Prices Reflect Subtle Market Shift

Image Source : Greater Kashmir

After a strong start to the week, gold and silver prices dipped slightly on July 15, 2025, across major Indian cities. The correction follows Monday’s rally driven by safehaven demand amid global tariff tensions and inflation concerns.

Key Highlights:

Gold traded at Rs 98,170 per 10 grams, down from Rs 98,210 the previous day.
Silver stood at Rs 113,080 per kg, compared to Rs 113,270 on Monday.
US gold futures remained flat at Rs 97,778 on MCX; silver futures dipped 0.02% to Rs 112,915.

CityWise Gold Rates (24 Carat per 10 gm):

Mumbai: Rs 97,990 (down Rs 40)
Chennai: Rs 98,280 (highest among metros)
Bengaluru: Rs 98,070
Kolkata: Rs 97,860
New Delhi: Rs 97,820

CityWise Silver Rates (per kg):

Delhi & Mumbai: Rs 113,080
Chennai: Rs 113,270
Bengaluru: Rs 113,090
Hyderabad: Rs 113,250

Market Sentiment:

The dip reflects profit booking after last week’s highs, where gold touched Rs 1,00,470 and silver hit Rs 1,16,566.
Traders remain cautious ahead of US CPI data and potential Fed rate signals.
Tariff threats from the US and global economic uncertainty continue to support underlying demand.

Outlook: