Precious metal prices remained elevated across India on July 11, 2026, with 24-carat gold trading at ₹14,483 per gram in major cities. Silver also held firm at ₹240.10 per gram, as investors closely monitored global developments impacting safe-haven assets.
Key Price Points on July 11, 2026
The national average for 24-carat gold stood at ₹1,44,830 per 10 grams. For 22-carat gold, the price was ₹1,32,760 per 10 grams, while 18-carat gold was priced at ₹10,863 per gram. Silver's national average for 10 grams was ₹2,401, translating to ₹2,40,100 per kilogram.
City-wise Gold and Silver Rates
- Mumbai, Kolkata, Bengaluru, Hyderabad: 24K gold at ₹14,483/g; 22K gold at ₹13,276/g.
- New Delhi: 24K gold at ₹14,496/g; 22K gold at ₹13,291/g.
- Chennai: Recorded the highest prices among major metros, with 24K gold at ₹14,565/g and 22K gold at ₹13,351/g.
Silver prices also showed slight variations, with Chennai, Hyderabad, and Kerala reporting a slightly higher rate of ₹2,44,900 per kilogram.
Global Factors Influencing Precious Metals
The sustained demand for gold and silver is largely attributed to ongoing geopolitical tensions, particularly the US-Iran conflict, which continues to fuel uncertainty. Despite reports of peace talks, concerns over global stability and energy supplies push investors towards traditional safe-haven assets.
Another significant factor is the anticipation surrounding the US Federal Reserve's monetary policy. Markets are assessing the likelihood of further interest rate hikes, which typically influence the appeal of non-yielding assets like gold. Higher rates can reduce gold's attractiveness, while expectations of lower rates tend to bolster prices.
Furthermore, elevated crude oil prices, with Brent crude near $77 per barrel and US WTI crude above $72 per barrel, are reigniting inflation concerns globally. Gold is often seen as a hedge against inflation, providing additional support for its price.
Analysts expect gold and silver prices to remain volatile in the coming sessions as investors closely monitor geopolitical developments, crude oil prices, US inflation data, and signals from the Federal Reserve.
Globally, spot gold was hovering around $4,118 per ounce, while spot silver traded above $60 per ounce, reflecting the intense market focus on these key economic and political indicators.