On July 14, 2026, gold and silver prices experienced modest declines in domestic markets, offering some relief to buyers planning purchases for weddings, investments, or other needs amid ongoing inflationary pressures.
The price of 24-carat gold fell by approximately ₹10 per 10 grams, trading around ₹1,42,900. This represents a decline of about 0.86 percent from the previous trading session. Similarly, 22-carat gold dropped by ₹10 to roughly ₹1,30,990 per 10 grams. Silver prices also eased, decreasing by about ₹100 to hover near ₹2,34,900 per kilogram.
City-wise variations were noted for gold rates per 10 grams:
– Delhi, Lucknow, Ayodhya, Meerut, Ghaziabad, Noida, Gurugram, Chandigarh, Jaipur, Ludhiana, Kanpur: 24K at ₹1,43,050; 22K at ₹1,31,140; 18K at ₹1,07,320.
– Mumbai, Kolkata, Pune, Nagpur, Bengaluru, Bhubaneswar, Raipur, Hyderabad: 24K at ₹1,42,900; 22K at ₹1,30,990; 18K at ₹1,07,170.
– Chennai: 24K at ₹1,44,000; 22K at ₹1,31,990; 18K at ₹1,10,190.
– Other cities like Patna, Guwahati, Indore, Ahmedabad, Surat, Vadodara, and Nashik showed rates ranging between these levels.
Silver prices (per kg) stood at ₹2,34,900 in most major cities, with higher rates in Chennai, Bhubaneswar, and Hyderabad at ₹2,39,900.
The downward movement followed a surge in crude oil prices, which heightened concerns over inflation and potential interest rate adjustments. This prompted investors to book profits in precious metals, leading to the observed softening in both gold and silver values.
For prospective buyers, the current dip may present a window of opportunity, particularly for those who have been monitoring the market. However, experts anticipate continued volatility influenced by global geopolitical tensions and fluctuations in the US dollar.
When purchasing gold, it is advisable to verify the BIS hallmark and obtain a proper invoice. For silver, checking purity and current market rates remains essential.
Overall, while prices have eased slightly today, market participants are closely watching international economic indicators and commodity trends for future direction. Buyers should assess their requirements and timing carefully in this fluctuating environment.