Gold prices in Delhi showed a recovery on July 15, 2026, with 24-karat gold rising by ₹770 to ₹1,43,570 per 100 grams and ₹1,43,570 per 10 grams, according to GoodReturns.in. After declining for four consecutive days, the yellow metal of 99.9 per cent purity had closed at ₹1,42,188 per 10 grams in the evening session of July 13, 2026. 22-karat gold increased by ₹700 to ₹1,31,600 per 10 grams, 18-karat gold gained ₹570 to ₹1,07,670 per 100 grams, and ₹1,07,670 per 10 grams. Silver rates remained unchanged for the second consecutive day, holding around ₹2.35 lakh per kg, with ₹23,500 per 100 grams, ₹2,350 per 10 grams, and ₹235 per gram. As per The Times of India, today's silver rate in Delhi stands at ₹2,370 per 10 grams, ₹23,700 for 100 grams, and ₹2,37,000 per kilogram. In Bareilly, silver prices remain stable at ₹2,45,000 per kg with ₹245 per gram, showing consistent regional pricing patterns across major Indian cities.
MCX gold futures on Tuesday rose by ₹3,000 to ₹1,43,194 per 10 grams, representing a significant recovery as of the latest trading session, according to LiveMint. The near-month MCX gold futures contract jumped nearly ₹3,000 per 10 grams to hit an intraday high of ₹1,43,194, tracking gains in the international market. In the previous trading session, the precious metal had fallen by over ₹5,000, slipping to a three-month low. The recovery comes after the precious metal had declined for the fourth consecutive day. The near-month MCX silver futures contract also rebounded, rising ₹7,710 per kg to touch an intraday high of ₹2,25,428, recovering part of its recent losses despite remaining down ₹5,643 so far in July. It had ended June with a sharp decline of ₹38,435 per kg. In India, gold futures for August delivery rose 1.35% to ₹1,42,208 per 10 grams, while silver futures surged 2.68% to ₹2,23,556 per kg on the Multi Commodity Exchange.
Comex gold futures climbed $107 per troy ounce to an intraday high of $4,020.58, fully recovering the previous session's losses, as reported by LiveMint. Comex silver futures also regained momentum, rising $2 per troy ounce to touch an intraday high of $58.12, after ending the previous session with a loss of $2.20. The rally was driven by softer-than-expected US inflation and a sharp decline in crude oil prices, which boosted sentiment for safe-haven assets and prompted investors to return to precious metals after largely shunning them amid renewed tensions in the Middle East. Investor concerns over the prospect of higher interest rates by the US Federal Reserve eased after US consumer prices posted their largest monthly decline in more than six years in June.
The Consumer Price Index (CPI) fell seasonally adjusted 0.4% in June, bringing the annual inflation rate down to 3.5%, below the Street's estimate of 3.8%, according to LiveMint. This softer inflation data has eased investor fears of rate hikes, with traders now expecting a Fed rate hike in September at 63% odds, down from more than 75% a day earlier, as per the CME FedWatch Tool. Although traders continue to expect a Fed rate hike in September, the odds have fallen significantly from the previous day. The US dollar index slipped more than 0.5% to around 100.7 following the softer-than-expected inflation data, providing additional support to precious metals. Higher interest rates generally reduce the appeal of non-yielding assets such as gold, while a stronger US dollar and rising Treasury yields also weigh on precious metal prices.
US President Donald Trump reinstated a blockade of Iran and demanded a 20% reimbursement on cargoes transiting the Strait of Hormuz, intensifying geopolitical tensions, as reported by LiveMint. The developments had pushed oil and European natural gas prices sharply higher, raising fears of inflationary pressures and tighter monetary policy. Federal Reserve Governor Christopher Waller recently said policymakers may need to raise interest rates if underlying inflation continues to show broad-based price pressures. Following those remarks, swap markets had priced in more than a 40% probability of a rate hike at the Fed's July meeting and at least one increase by the end of the year. However, the latest inflation data helped ease some of those concerns, prompting investors to return to precious metals after Monday's sharp selloff. Since the conflict erupted in late February, the Strait of Hormuz has emerged as the epicentre of the confrontation, with both the US and Iran seeking to assert control over the vital maritime route, which accounts for nearly 25% of global crude oil exports and is critical to Asian energy supplies.
