Gold prices continued their downward trend on Monday, July 14, while silver witnessed a modest recovery. According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold declined by ₹476, taking the rate of 10 grams to around ₹1.42 lakh. Meanwhile, silver gained ₹849, with the price of 1 kilogram rising to ₹2.19 lakh.
Despite today's uptick, silver remains significantly below its all-time high, while gold has also corrected sharply from its record peak.
Gold and Silver Prices Today
According to IBJA:
24-Carat Gold (10 grams): Down ₹476 to around ₹1.42 lakh
Silver (1 kg): Up ₹849 to ₹2.19 lakh
Bullion prices continue to fluctuate amid global economic developments and changing investor sentiment.
Silver Still ₹1.66 Lakh Below Record High
Both precious metals have witnessed sharp volatility in 2026.
Gold Performance
December 31, 2025: ₹1.33 lakh per 10 grams
Record High (January 29, 2026): ₹1.76 lakh
Current Price: Around ₹1.42 lakh
Gold has corrected by nearly ₹34,000 from its all-time high.
Silver Performance
December 31, 2025: ₹2.30 lakh per kg
Record High (January 29, 2026): ₹3.86 lakh per kg
Current Price: ₹2.19 lakh per kg
Silver remains approximately ₹1.66 lakh below its lifetime high recorded nearly 166 days ago.
Why Are Gold and Silver Prices Falling?
Market experts attribute the recent correction to several global factors.
1. Strong US Dollar
The US Dollar Index has strengthened following signals from the US Federal Reserve, making gold and silver more expensive for overseas buyers. A stronger dollar generally puts downward pressure on precious metal prices.
2. Profit Booking
After gold and silver touched record highs earlier this year, many institutional investors and traders booked profits, resulting in a correction in bullion prices.
Should Investors Buy Gold Now?
Commodity market expert Ajay Kedia believes the recent correction has created investment opportunities for long-term investors.
However, he advises against making lump-sum investments.
Instead, investors may consider investing gradually through staggered purchases or systematic investment strategies to reduce market risk.
According to Kedia's outlook:
Gold could rise to around ₹1.60 lakh per 10 grams by the end of the year.
Silver may climb to nearly ₹2.80 lakh per kilogram if market conditions remain supportive.
Investment Strategy
Experts recommend:
Avoid investing a large amount at one time.
Accumulate gradually during price corrections.
Track global interest rates and US dollar movements.
Invest based on long-term financial goals rather than short-term price swings.
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