India gold holds at ₹1,46,300 per 10 grams for second session as silver drops ₹1,500
AI Market Summary
Gold is range-bound as softer US inflation data offsets heightened US-Iran tensions, keeping safe-haven demand intact but limiting upside. In contrast, silver extends a multi-session decline on weak industrial buying and shifting rate expectations. With spot gold lower and investors focused on upcoming US retail sales and jobless claims, near-term precious-metals trading may remain headline-driven and sensitive to US macro data and Middle East risk.
Impact level
● Medium
Affected assets
NCCOGOLD2USD/USDT-0.73%
AI Insight · NCCOGOLD2USD/USDTAI Insight
● Neutral
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Gold prices in India were unchanged for a second day at ₹1,46,300 per 10 grams on July 16, while silver extended its losing streak with a ₹1,500 drop to ₹2,24,500 per kg, an over two-week low. Global bullion prices also weakened, with spot gold down nearly 1% to $4,030.84 an ounce and silver down 1.7% to $56.79 an ounce. Analysts said West Asia geopolitical tensions supported safe-haven demand for gold, but softer US inflation data limited gains, while silver remained pressured by weaker industrial demand and shifting rate expectations.
