Gold Rates In India Today Crashes Again, Silver Rates Flat For 2nd Day; 24K, 22K, 18K Gold Prices On July 14

Gold rates in India dropped sharply for second day in a row on July 14, 2026, however, the decline was capped due to mild softness in US dollar ahead of US CPI inflation data. 24-carat gold is down by Rs 1,100 in 100 grams and lower by Rs 110 in 10 grams. Notably, silver rates are unchanged for the second consecutive day, holding around Rs 2.35 lakh mark. The new blockade of US on Iranian vessel has intensified tensions at Strait of Hormuz, which pushed crude oil prices flying higher and raising rate hike fears.

Gold Rates India Today

24 carat gold price dropped by Rs 1,100 to Rs 14.28 lakh per 100 grams, dipped by Rs 110 to Rs 1,42,800 per 10 grams, slipped by Rs 88 to Rs 1,14,240 per 8 grams and is down by Rs 11 to Rs 14,280 per 1 gram.

Meanwhile, 22 carat gold price stood at Rs 13.09 lakh per 100 grams which tumbled by Rs 1,000 on July 14th. Also, 10 grams gold dropped by Rs 100 to Rs 1,30,900 and 8 grams gold slipped by Rs 80 to Rs 1,04,720. Additionally, the 1 gram gold is priced at Rs 13,090, down by Rs 10.

Furthermore, the 18 carat gold price declined by Rs 800 to Rs 10.71 lakh per 100 grams, dipped by Rs 80 to Rs 1,07,100 per 10 grams, down by Rs 64 to Rs 85,680 per 8 grams and lower by Rs 8 to Rs 10,710 per 1 gram.

Silver Rates India Today

1 Kg silver price stood at Rs 2.35 lakh on Tuesday, while 100 grams and 10 grams silver rates are at Rs 23,500 and Rs 2,350 respectively. The price of 8 grams silver stood at Rs 1,880 and the rate of 1 gram silver is at Rs 235.

What Is Impacting Gold & Silver Rates Today?

Gold and silver rates are cautiously trading ahead of US CPI inflation data, which offer more clarity on rate hike trajectory.

President Donald Trump reinstated a blockade on Iranian vessels transiting the Strait of Hormuz and sought reimbursement from countries benefiting from US efforts to secure the vital shipping lane. The move drove oil prices sharply higher, reviving concerns over inflation and the interest rate outlook. The measures followed renewed hostilities between Washington and Tehran, with the US targeting Iran's ability to disrupt maritime shipping while Tehran retaliated against US allies in the region. Investors also awaited key US inflation data and Federal Reserve Chair Kevin Warsh's testimony before the US Congress later today, with markets closely parsing his remarks for further policy guidance. Markets now price in roughly a 51% chance of a Fed rate hike in September, compared with a 23% probability that the central bank will leave rates unchanged, as per Trading Economics.

On the other hand, Kaynat Chainwala, AVP Commodity Research, Kotak Securities, highlighted that traders now price close to 70% odds of a September rate increase, up sharply from 57% a week earlier, per CME FedWatch.

"A stronger dollar and climbing Treasury yields have deepened the profit-taking, even as China's central bank posted its largest monthly gold purchase in over two and a half years in June, a 20th straight month of buying, a reminder that official-sector demand is holding even as price momentum turns lower," said Kotak's expert.

Also, the core risk for bullion is that this inflation impulse locks the Fed into a more hawkish stance for longer. Attention turns to Tuesday, when June CPI lands ahead of Kevin Warsh's first appearance before the House Financial Services Committee as Fed chairman, a session likely to set the tone for gold and silver through the week.

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