New Delhi/Patna: Gold prices continued their downward trend on Tuesday, July 15, while silver registered modest gains, according to the latest data released by the India Bullion and Jewellers Association (IBJA).
The price of 24-carat gold declined by Rs 112 per 10 grams to around Rs 1.42 lakh, while silver gained Rs 416 to reach Rs 2.20 lakh per kilogram.
Gold Still Up Rs 9,000 This Year
Despite the recent correction, gold remains significantly higher than it was at the end of last year.
According to IBJA data, the price of 24-carat gold stood at over Rs 1.33 lakh per 10 grams on December 31, 2025. It has since risen by around Rs 9,000, even after the recent decline.
Earlier this year, gold touched a record high of Rs 1.76 lakh per 10 grams on January 29 before retreating in the following months.
Silver Below Its Record High
Silver has followed a different trajectory.
The precious metal was priced at Rs 2.30 lakh per kilogram on December 31, 2025, compared with Rs 2.20 lakh on Tuesday, representing a decline of about Rs 10,000 over the period.
Silver had reached an all-time high of Rs 3.86 lakh per kilogram on January 29 before prices corrected.
Why Are Gold Prices Falling?
Market experts attribute the recent weakness in gold and silver prices to two key factors:
Strong US dollar: Expectations surrounding the US Federal Reserve have strengthened the US Dollar Index, reducing demand for gold and silver in international markets.
Profit-booking: Following record highs earlier this year, many institutional and retail investors booked profits, contributing to the recent correction.
A commodity expert believes both metals have corrected significantly from their peaks.
He suggests investors may consider accumulating gold and silver gradually rather than making lump-sum purchases, adding that gold could recover to around Rs 1.60 lakh per 10 grams and silver to around Rs 2.80 lakh per kilogram by the end of the year, depending on global market conditions.
