Business and Finance Background. Golden and Silver Bar rows. Photo Credit: Getty Image/ISTOCKPhoto
According to the All India Sarafa Association, falling for the second straight session, the continuous sale by stockists in gold prices decreased from ₹ 98,870 per 10 grams ₹ 98,870 to ₹ 500 to ₹ 500 to ₹ 98,870 on Wednesday in the national capital.
On Tuesday (July 15, 2025), the precious metal of 99.9% purity was reduced from ₹ 200 to ₹ 99,370 per 10 grams.
Meanwhile, gold of 99.5 percent purity slipped from ₹ 400 to 10 grams of 10 grams (including all taxes). It settled at Rs 98,800 per 10 grams in the last market session.
In addition, on Wednesday (July 16, 2025), silver prices fell from ₹ 1,000 to ₹ 1,11,000 per kg (inclusion of all taxes). On Tuesday (July 15, 2025), the white metal was ₹ 1,12,000 per kg.
In contrast, Spot Gold rose $ 16.41 or 0.49% to $ 3,341.37 an ounce in global markets.
“Gold reached $ 3,346 an ounce from President Donald Trump to fresh tariffs supported by threats, which indicated a possible levy on pharmaceuticals by the end of the month, with additional duties on semiconductors with additional duties.
Kayanat Chenwala, AVP-Cocadity Research, Kotak Securities said, “Risk hunger remains as a new tariff to target 25 countries including Canada, Mexico and European Union, ready to be effective on August 1.”
On the global front, the spot silver increased by about 1% to trade at $ 38.05 an ounce.
“Gold is consolidating, while silver is breaking. Silver prices have been pushed as high as $ 39 an ounce, reflecting the first and most important investor interest.”
“We have seen continuity in physically supported silver products over the last few weeks during the last few weeks, and open interest in the futures market is also specially expanding in China.
Mr. Menke further said that the recent rally strength and the decline of gold/silver ratio do not appear especially cheaper than silver.
“When the ratio was at 100, we highlighted the catch-up capacity of the silver, but it is very tired so far.”
According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, investors will be awaited the major American macroeconomic data, including manufacturer price index (PPI) and unemployed claims, which will provide more insight to the process of bullion prices.
Published – July 16, 2025 04:59 PM IST
