Gold Rate in India Takes U-Turn! 24K Gold Drops ₹1,100 on July 15; Silver Defies Trend; Buy Gold Dip or Wait?

Gold Rate in India Today: The price of gold took a breather on Tuesday, July 15, after increasing for four consecutive sessions. The decline in gold rate in India today has come after the international gold rates witnessed a modest drop in the earlier trading session. The decline has raised hopes among gold jewellery buyers for a further slide in gold rates in the coming days. But a lot depends on the direction of geopolitical scenario amid uncertainty around United States President Donald Trump-led tariff decisions.

Back in India, gold recorded the highest price increase among all commodities - including food, fuel, and clothing - in June, according to CPI inflation data released by Ministry of Statistics and Programme Implementation (MoSPI) on Monday. As per the CPI inflation data, Gold June inflation surged by nearly 30%. As investors closely track the gold rates to improvise their investment strategy, here are the latest gold rates in India today, ie Tuesday, July 15.

Gold Rate in India

The price of gold in India consolidated on Tuesday. The 24 karat gold in India declined by Rs 11 per gram to Rs 9,977 per gram. Which means that the price of 24 karat gold fell by Rs 1,100 to Rs 9,97,700 per 100 gram on Tuesday. 22 karat gold rate in India fell by Rs 10 to Rs 9,145 per gram. Likewise, the price of 18 karat gold rate in India declined by Rs 8 to Rs 7,483 per gram.

Silver Rate in India

Silver rate in India defied the trend on Tuesday and inched closer to its record-level mark. The price of silver in India increased by Rs 4 to Rs 119 per gram and by Rs 4,000 to Rs 1,19,000 per kilogram. International silver rate reached to a record high mark last week amid surge in industrial demand. Many investors switched towards the precious metal as an affordable alternative to gold.

The gold and silver rates mentioned here are indicative and doesn't include additional costs like GST, making charges, etc. These costs may vary from items to items, hence, gold jewellery buyers must confirm with shop owners to make an informed choice.

Silver Surges Higher, Gold Consolidates: What Should Be Your Strategy?

The silver price rally could be the result of domestic ETF flows, industrial demand, and a catch-up rally post gold move since the beginning of the year 2025. After the record surge in the price of the precious metal, there could be some profit booking in coming days, according to Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial services Ltd.

"Silver marked its highest level since 2012 on COMEX and all time high of Rs. 1,15,000 on domestic front, while Gold traded steady, ahead of the release of U.S. inflation data later in the day that could shed more light on the Federal Reserve's interest rate path. After an all-time high, we could see some profit booking, also economic data from China has been reported lower than expectations weighing on industrial metals including Silver. Focus now shifts to US CPI, PPI, Retail sales and Industrial production data," noted Manav Modi.

For gold, experts believe that the precious metal's rates are likely to move in a range-bound manner. "We expect gold prices to remain largely range-bound. International Prices are expected to trade in the range of USD 3,300 - 3400/Oz. Domestic Prices can hover in the range of INR 98,500 - 99,500/10gms. For silver, prices are expected to be relatively stable," noted Colin Shah, MD, Kama Jewelry.

Disclaimer: The write-up is just for information purposes, and is not a recommendation to buy, sell or hold. We have not done fundamental or technical analysis and have no opinion on article mentioned. Neither, the author nor Greynium Information Technologies should be held liable for any losses. Please consult a professional advisor.