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Gold prices in India saw a marginal gain amid safe-haven demand after US President Trump threatened tariffs on EU and Mexico. Silver prices jumped Rs 4000 on Tuesday.
Check the latest gold and silver prices across major metro cities.
Gold, Silver Prices In India Today, July 15: Gold prices on Tuesday witnessed a marginal gain after reaching a three-week high, amid safe-haven demand after US President Donald Trump threatened to impose a 30% tariff on imports from the European Union and Mexico.
Silver, on the other hand, saw a jump of Rs 4000 to hit the new record high of Rs 1,19,000, as per goodreturns.com.
In the futures market on the MCX, gold futures (expiring on August 5, 2025) were trading higher by 0.16% at Rs 97,929 per 10 gram, while silver (expiring on September 5, 2025) fell by 0.50% to trade at Rs 1,12,369 per kg.
What Is The Price Of 22kt, 24kt Gold Rates Today In India Across Key Cities On July 15?
In Mumbai, the price of gold stood at Rs 91,560 per 10 grams for 22-carat and Rs 99,890 per 10 grams for 24-carat.
| City | 22K Gold (per 10gm) | 24K Gold (per 10gm) |
|---|---|---|
| Delhi | Rs 91,710 | Rs 1,00,040 |
| Jaipur | Rs 91,710 | Rs 1,00,040 |
| Ahmedabad | Rs 91,610 | Rs 99,940 |
| Patna | Rs 91,610 | Rs 99,940 |
| Mumbai | Rs 91,560 | Rs 99,890 |
| Hyderabad | Rs 91,560 | Rs 99,890 |
| Chennai | Rs 91,560 | Rs 99,890 |
| Bengaluru | Rs 91,560 | Rs 99,890 |
| Kolkata | Rs 91,560 | Rs 99,890 |
International Gold Prices
Trump on Saturday threatened to impose a 30% tariff on imports from Mexico and the European Union starting on August 1, after weeks of negotiations with the major U.S. trading partners failed to reach a comprehensive trade deal.
Both the European Union and Mexico described the tariffs unfair and disruptive, while the E.U. said it would extend its suspension of countermeasures to US tariffs until early August and continue to press for a negotiated settlement.
Investors now await the US inflation data for June due on Tuesday for more cues on the Federal Reserve’s interest rate path. Markets are currently pricing in just over 50 basis points worth of Fed easing by December.
Gold, often considered as a safe-haven asset during economic uncertainties, tends to do well in a low-interest-rate environment.
What Factors Affect Gold Prices In India?
International market rates, import duties, taxes, and fluctuations in exchange rates primarily influence gold prices in India. Together, these factors determine the daily gold rates across the country.
In India, gold is deeply cultural and financial. It is a preferred investment option and is key to celebrations, particularly weddings and festivals.
With constantly changing market conditions, investors and traders monitor fluctuations closely. Staying updated is crucial for effectively navigating dynamic trends.
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst…Read More
Varun Yadav is a Sub Editor at News18 Business Digital. He writes articles on markets, personal finance, technology, and more. He completed his post-graduation diploma in English Journalism from the Indian Inst… Read More
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