Gold Rate In India Up Rs 17,000 In 5 Days; Gold And Silver Prediction On July 15; Know 24K, 22K Gold Prices

Gold rates in India continued to rise sharply for five consecutive days, with 24 carat gold price in 100 grams and 10 grams surging by at least Rs 17,000 and Rs 1,700 respectively. On July 14th, 10 grams of gold price neared the Rs 1 lakh mark. At MCX, gold is nearing the Rs 98,000 mark. Renewed global tariff tensions have kept gold and silver appealing. Experts are bullish on precious metals on July 15 and in the near term.

"With the US imposing additional tariffs on trade partners on Euro Canada Mexico etc from the US, dollar index broad weakness, and a recent weak rupee, making bullion a preferred safe-haven. Uncertainty remains elevated, driving safe-haven demand for gold," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Gold Prices In India:

On July 14th, 100 grams of gold in 24 carat jumped by Rs 1,700, after a zero change in prices on July 13th. Gold was up by Rs 7,100 on July 12, further up by Rs 6,000 and Rs 2,200 on July 11 and July 10.

Together, the 100-gram gold price is up by Rs 17,000 in 24 carat from July 10th to July 14th. Also, 10 grams is up by Rs 1,700.

Currently, 24 carat and 22-carat gold prices in 10 grams are at Rs 99,880 and Rs 91,550. The prices of 100 grams are at Rs 9,98,800 and Rs 9,15,500 respectively.

Gold & Silver Prices Outlook On July 15:

This week's key US CPI data will be closely watched by participants. Accordingly, at MCX, Trivedi said, "Technically, gold holds a positive bias as long as it trades within the broader range of Rs 97,500-Rs99,500."

MCX gold could hit Rs 99,500 on July 15 or in the coming days.

Also, Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services said, investors now await the U.S. inflation data for June due tomorrow for more cues on the Federal Reserve's interest rate path. Markets are currently pricing in just over 50 bps worth of Fed easing by December.

MCX Gold, Silver Prices:

MCX gold price stood at Rs 97,778 per 10 grams on July 14th, after market hours. During that day, the bullion with August 2025 expiry, had touched an intraday high of Rs 98,450 per 10 grams.

Meanwhile, the MCX silver price continued to outperform gold. Silver futures with September 2025 expiry, touched a new all-time high of Rs 1,15,136 per 1kg on July 14, before correcting and ending at Rs 1,12,915 per 1kg, marginally down as investors cashed in gains.

Spot Gold Price:

Gold prices trimmed early gains to trade flat around $3,360 an ounce on Monday, as persistent trade uncertainty continued to weigh on market sentiment. US President Trump announced a new 30% tariff on imports from the European Union and Mexico, set to take effect on August 1, as per Trading Economics.

Further, Trading Economics data highlighted that the move follows last week's broader tariff package targeting over 20 countries, including Japan, South Korea, Canada, and Brazil, and includes a steep 50% duty on copper imports. While some investors believe these tariffs may be softened through negotiations, the ongoing trade tensions are adding to overall market volatility. Meanwhile, traders are closely monitoring a series of key US economic reports due this week-including CPI, PPI, industrial production, and retail sales-for clues on the Federal Reserve's next policy move.

Disclaimer: The recommendations made above are by market analysts and are not advised by either the author, nor Greynium Information Technologies. The author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.