Gold and silver prices in India remained largely unchanged on Wednesday, July 15, as the bullion market witnessed limited movement amid cautious global sentiment.

Investors continued to monitor developments related to US monetary policy, inflation and geopolitical tensions, all of which remain key factors influencing precious metal prices.

While 24-carat and 22-carat gold prices held steady across major cities, silver prices also remained firm, supported by steady industrial demand and continued investor interest.

Latest gold and silver prices across major cities

City24K Gold (₹/10g)22K Gold (₹/10g)Silver (₹/kg)
Delhi₹1,42,480₹1,30,607₹2,22,880
Mumbai₹1,42,730₹1,30,836₹2,23,270
Kolkata₹1,42,540₹1,30,662₹2,23,990
Chennai₹1,43,430₹1,31,212₹2,23,990
Bengaluru₹1,42,480₹1,30,937₹2,23,440
Hyderabad₹1,42,950₹1,31,038₹2,23,620

These are benchmark bullion prices. The final amount paid by customers may be higher after adding GST and jewellers' making charges.

Why are gold and silver prices stable?

The precious metals market remained range-bound as investors awaited fresh signals from international markets.

Gold prices continue to be influenced by several global and domestic factors, including:

  • US Federal Reserve policy expectations
  • International spot gold prices
  • Inflation trends
  • Strength of the US dollar
  • Geopolitical developments
  • Rupee-dollar exchange rate
  • Import duties and GST

Silver prices, meanwhile, remained supported by both investment demand and industrial consumption, making the metal more sensitive to manufacturing activity than gold.

What buyers should know

Experts advise buyers to compare prices across jewellers before making purchases, as making charges vary significantly between retailers.

Consumers should also remember that displayed bullion prices do not include GST and jewellery-making charges, which are added separately to the final bill.

With several global economic announcements expected in the coming days, bullion prices may witness increased volatility, making it important for investors and jewellery buyers to monitor daily market movements.

(Disclaimer: Gold and silver prices are indicative and may vary by city, jeweller, making charges, GST and market fluctuations. Readers are advised to verify the latest rates with their local jeweller or authorised bullion dealer before making any purchase or investment decision.)