The yellow metal concluded at Rs 1,42,257 per 10 grams on the Multi Commodity Exchange on Wednesday, 15 July, whereas Silver finished at Rs 2,20,620 per kg. Spot gold price on the US Comex was approximately $4,036 per ounce, reflecting a decline of 0.38%. Meanwhile, silver was trading at $57.34 per ounce on the exchange, experiencing a decrease of nearly 0.17% as of 8:45 am today, 16 July.

Gold prices reduced early losses on Wednesday following weaker-than-anticipated US producer inflation data for June. However, any gains were limited as rising tensions in the Middle East heightened concerns regarding ongoing inflation and a prolonged period of elevated interest rates. In Delhi, gold concluded at Rs 1,41,970 per 10 grams on Wednesday, whereas in Mumbai, the yellow metal settled at Rs 1,42,220 per 10 grams. In Kolkata, it concluded at Rs 1,42,030 yesterday on MCX.

Gold prices in Chennai reached the highest level among major cities in the southern region of the country, with gold closing at Rs 1,42,630 per 10 grams in Chennai. Hyderabad closely followed, with gold prices concluding at Rs 1,42,450 on Wednesday. Finally, in Bangalore, gold prices concluded at Rs 1,42,330, marking the lowest level among the South Indian cities. In the National Capital, Delhi, silver prices concluded at Rs 2,20,340 on Wednesday.

In Mumbai, the price of silver settled at Rs 2,20,720, whereas in Kolkata, it concluded at Rs 2,20,420 per kg on Wednesday. Chennai, similar to the situation with gold, recorded the highest price for silver at market close yesterday. Silver price in this city closed at Rs 2,21,360 per kg yesterday. Hyderabad recorded a silver price of Rs 2,21,070 per kg, whereas Bangalore concluded with a price of Rs 2,20,890 per kg, marking the lowest rate among the cities in South India.