Precious metal prices in India experienced a slight decline on July 14, 2026, primarily due to prevailing weakness in global bullion markets. This downward trend was observed across both futures trading and retail markets, impacting investor sentiment and consumer purchasing.
MCX Futures Market Update
On the Multi Commodity Exchange (MCX), gold futures contracts were trading down by 0.88%, settling at ₹1.42 lakh per 10 grams. Similarly, silver futures saw a more significant drop of approximately 2%, bringing its price to ₹2.17 lakh per kilogram at the time of reporting.
Retail Gold and Silver Rates
In the retail sector, 24-karat gold, recognized as the purest form, was trading around ₹1,43,000 per 10 grams in major Indian cities such as Delhi, Mumbai, and Bengaluru. For consumers looking for jewellery, 22-karat gold, which offers enhanced durability due to alloyed metals, was priced at roughly ₹1,31,000 per 10 grams.
Silver retail rates across most cities hovered near ₹2,35,000 per kilogram, though minor regional variations were noted. These differences in retail prices often stem from brand-specific policies, procurement expenses, and local market dynamics, while overall bullion trends provide the primary direction.
Factors Influencing Precious Metal Prices
Market participants are closely monitoring several key factors that could dictate future movements in gold and silver prices. These include evolving global economic data, expectations surrounding US interest rate decisions, and fluctuations in currency exchange rates. International market sentiment plays a crucial role in domestic pricing.
Jeweller Rates Overview
Leading jewellery retailers reported largely stable prices on July 14, 2026. Joyalukkas quoted 22K gold at ₹13,100 per gram across several states, while Malabar Gold & Diamonds offered 22K gold at ₹13,230 per gram. For 24-karat gold, Malabar Gold & Diamonds was at ₹14,433 per gram, and Tanishq's rate stood at approximately ₹14,340 per gram.