Market Correction: Gold Prices Ease After Consecutive Gains.

Market Correction: Gold Prices Ease After Consecutive Gains.

Last Updated Jul - 15 - 2025, 12:32 PM | Source : Fela News

After four straight days of rising, gold prices have slightly cooled today. MCX quotes ₹97,969 for 24‑carat gold and ₹89,824 for 22‑carat, offering some relief

Gold prices, fresh off a four‑day upward streak, have finally shown signs of retreat. As of 9:33 am IST today, the Multi Commodity Exchange (MCX) quoted 10 grams of 24‑carat gold at ₹97,969 and 22‑carat at ₹89,824 a modest dip that has turned optimism among buyers.

This brief pause in the rally comes amid ongoing trade discussions between India and the United States. Traders are interpreting the pause as a reaction to shifting global market dynamics. The bullion rates tell a similar story: 22‑carat bullion stands at ₹90,145 and 24‑carat at ₹98,340 per 10 grams, reflecting a slight 0.17 percent rise from yesterday’s close.

Silver, following suit, also eased. By 10:06 am, MCX recorded silver at ₹1,12,400 per kilogram, down roughly 0.47 percent, with bullion silver at ₹1,12,570 a 0.45 percent decline.

City‑wise, pricing differences persist. Chennai saw the highest MCX price for 24‑carat gold at ₹98,280, while Delhi posted the lowest at ₹97,820 a spread that buyers are carefully watching.

For many households, even this slight downtick is welcome news. Seema from Jaipur, planning her daughter’s wedding, shared relief over the price readjustment. “Every few hundred rupees saved matters when you're buying grams of gold,” she said.

Looking ahead, the gold market remains sensitive to global economic cues especially the ongoing India‑US trade talks and the Trump administration's tariff timeline. With the next important deadline and possibly more volatility expected by August 1, analysts anticipate that gold and silver prices may see further fluctuations.

For those waiting to buy, this window might offer a brief advantage. But as always with precious metals, timing and staying informed are key. A small dip today could be the calm before the next surge.

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