Unicaus NEWS
Business and finance background. Rows of golden and silver bars | Photo Credit: Getty Images/iStockphoto
On Tuesday (July 15, 2025), the dear metallic of 99.9% purity had declined by ₹200 to shut at ₹99,370 per 10 grams.
Meanwhile, gold of 99.5 per cent purity slipped ₹400 to ₹98,400 per 10 grams (inclusive of all taxes). It had settled at Rs 98,800 per 10 grams within the earlier market session.
Also, silver costs declined by ₹1,000 to ₹1,11,000 per kilogram (inclusive of all taxes) on Wednesday (July 16, 2025). The white metallic had completed at ₹1,12,000 per kg on Tuesday (July 15, 2025).
In distinction, spot gold rose by $16.41 or 0.49% to $3,341.37 per ounce within the world markets.
“Gold edged increased to $3,346 per ounce, supported by renewed tariff threats from President Donald Trump, who signalled potential levies on prescribed drugs by the tip of the month, with further duties on semiconductors additionally into consideration.
“Risk appetite remains subdued as new tariffs targeting 25 countries, including Canada, Mexico, and the EU, are set to take effect on August 1,” Kaynat Chainwala, AVP-Commodity Research, Kotak Securities, stated.
On the worldwide entrance, spot silver went up almost 1% to commerce at $38.05 per ounce.
“Gold has been consolidating whereas silver has been breaking out. Silver costs pushed as excessive as $39 per ounce, at the start reflecting renewed investor curiosity.”
“We have seen continued inflows into physically backed silver products during the past few weeks, and the open interest in the futures market has also been expanding, in particular in China. Technical traders further fuelled the rally after prices broke above important resistance levels,” Carsten Menke, Head of Economics and Next Generation Research at Julius Baer, stated.
Mr. Menke additional acknowledged that by judging the power of the latest rally and the decline of the gold/silver ratio to round 85, silver doesn’t seem significantly low-cost anymore compared to gold.
“When the ratio was at 100, we highlighted silver’s catch-up potential, but this seems to be very much exhausted as of now.”
According to Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities, traders will probably be awaiting key U.S. macroeconomic information, together with Producer Price Index (PPI) and jobless claims, which is able to present additional insights for the trajectory of bullion costs.
Published – July 16, 2025 04:59 pm IST
