If you are planning to buy or sell gold in the coming days, the latest price moves are worth watching closely. In Delhi, 24-carat gold has slipped sharply over the past two trading sessions, falling Rs 143 per gram. For anyone buying in larger lots, that adds up to a steep Rs 14,300 drop for every 100 grams. Silver, on the other hand, has been the picture of stability, holding its ground for a third consecutive day without a single change in price.
A steep two-session slide in gold
The shine has dimmed a little for 24-carat gold over the last two trading days. While the per-gram rate eased by Rs 143, the fall looked far more dramatic for bulk buyers, since 100 grams became a full Rs 14,300 cheaper. During the same stretch, silver stayed anchored in Delhi at Rs 235 per gram and Rs 2,35,000 per kilogram.
Latest 24-carat gold rates
On Tuesday, 24-carat gold in Delhi dropped Rs 11 to Rs 14,295 per gram. For bigger quantities, 8 grams of 24K gold cost Rs 1,14,360, down Rs 88, while 10 grams was priced at Rs 1,42,950, a decline of Rs 110. In bulk, 100 grams slipped Rs 1,100 to Rs 14,29,500.
How 22K and 18K fared
22-carat gold also gave up ground, easing Rs 10 to Rs 13,105 per gram. In this category, 8 grams stood at Rs 1,04,840, down Rs 80, while 10 grams was available at Rs 1,31,050, a fall of Rs 100. For bulk purchases, 100 grams of 22K gold came in at Rs 13,10,500, down Rs 1,000 from the previous session.
18-carat gold remained under pressure too, slipping Rs 8 to Rs 10,725 per gram. Here, 8 grams fell Rs 64 to Rs 85,800, while 10 grams was priced at Rs 1,07,250, down Rs 80. Similarly, 100 grams of 18K gold was valued at Rs 10,72,500, a decline of Rs 800 compared with Monday's closing price.
Silver refuses to budge
In contrast to gold, silver was steady as a rock. In Delhi, the white metal held unchanged for a third straight session on Tuesday, pointing to a calm patch in the precious metals market. Silver continued to trade at Rs 235 per gram, with no movement from the previous day.
Both small and large quantities held firm. Silver at 8 grams stayed at Rs 1,880 and 10 grams at Rs 2,350, exactly matching Monday's rates. Likewise, 100 grams held at Rs 23,500 and 1 kilogram, or 1,000 grams, remained stable at Rs 2,35,000. That marked a third consecutive trading session with no change in silver prices.
What is driving the move
Globally, bullion traded within a narrow band. Rising tensions between the US and Iran pushed crude oil prices higher, stoking inflation worries and strengthening bets that the US Federal Reserve could keep interest rates elevated for longer. Investors are now waiting on the latest US inflation data, which is expected to offer fresh cues on the Fed's policy path.
Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd. and President of IBJA, explained the trend: "Gold prices fell as renewed US-Iran military strikes near the Strait of Hormuz revived inflation fears and hawkish Fed bets. Fed minutes showed a divided committee, with September rate-hike odds rising to 62-64%. China's central bank bought 14.93 tonnes of gold in June, its biggest monthly purchase since 2023."
Taken together, gold prices are swinging as global uncertainty and questions over the Fed's next move linger, while silver is going through a quiet phase. For buyers, this is a moment to keep a close eye on the rates before making a decision.
