Gold & Silver Rates Outlook for July 13-17: Key Levels to Watch; Will MCX Gold, Silver Witness Rally Next Week

Gold rates and silver rates in India will follow the global trends in the trading week from July 13 to July 17, as investors' focus will shift to the upcoming US CPI inflation data that is expected to provide more clarity on rate hike trajectory in the upcoming monetary policy of the US Federal Reserve. MCX gold is expected to range between Rs 1.44 lakh and Rs 1.46 lakh per 10 grams. But a breakout above Rs 1.46 lakh could push MCX gold higher to near Rs 1.49 lakh. On the other hand, MCX silver is expected to remain under pressure, with potential targets ranging likely between Rs 2.23 lakh and Rs 2.38 lakh. Last week, 24 carat gold price stood around Rs 1.44 lakh, while 999 purity silver price stood near Rs 2.35 lakh. Also, spot gold recorded a 1.5% weekly drop and spot silver underperformed with nearly a 4% weekly decline.

"Gold witnessed a volatile trading week, oscillating between safe-haven buying and profit booking as markets weighed geopolitical developments in the Middle East against evolving expectations for the Federal Reserve's monetary policy," said analysts at SMC Global Securities in a note.

Last week, silver underperformed gold and ended on a cautious note, as uncertainty revolved around industrial demand, while elevated Treasury yields dampened momentum.

Gold Rates In India + Silver Rates In India

At present, 10 grams gold price stood at Rs 1,44,330 in 24 carat, at Rs 1,32,300 in 22 carat and at Rs 1,08,250 in 18 carat. While 100 grams gold price stood at Rs 14,43,300 in 24 carat, at Rs 13.23 lakh in 22 carat and at Rs 10,82,500 in 18 carat.

Also, gold price in India stands at Rs 14,433 per gram for 24 karat gold (99.9% purity), Rs 13,230 per gram for 22 karat gold (91.6% purity), and at Rs 10,825 per gram for 18 karat gold (75% purity).

Meanwhile, silver rates in India stood at Rs 2.35 lakh in 1Kg, at Rs 23,500 in 100 grams, at Rs 2,350 in 10 grams and at Rs 1,880 in 8 grams. The cheapest silver is at Rs 235 in 1 gram,

MCX Gold Price + MCX Silver Price

MCX gold price which is scheduled for expiry on August 5, 2026, ended the week volatile at Rs 1,43,480 per 10 grams. Meanwhile, MCX silver futures which is scheduled for expiry on September 4, 2026, closed at Rs 2,22,680 per 1Kg.

Spot Gold Price + Spot Silver Price

Gold edged lower to $4,100 an ounce on Friday, ending the week down about 1.5%, as rising crude oil prices and escalating US-Iran tensions raised concerns that the Federal Reserve may maintain tight monetary policy for longer. Also, Silver slipped below $60 an ounce on Friday, ending the week down about 4%, as per Trading Economics.

Gold Rates & Silver Rates Outlook For July 13-17:

According to the SMC's analysts, while renewed diplomatic efforts between the US and Iran eased immediate concerns over disruptions in the Strait of Hormuz, geopolitical risks continue to provide an underlying cushion to bullion prices. Attention has now shifted to the US macroeconomic landscape.

Further, softer inflation data has strengthened expectations of
policy easing later this year, although Federal Reserve officials continue to emphasize a data-dependent approach. Comments from New York Fed President John Williams highlighted that demand-driven inflation, supported by AI-related investment, remains a key policy consideration.

In the week ahead, analysts believe that investors will closely
track US retail sales, industrial production, inflation expectations and Fed commentary, as these releases could shape interest rate expectations, Treasury yields and the US Dollar.

Technically, SMC's analysts note said, COMEX Gold is consolidating above the $4,050-4,080 support zone, with resistance at $4,275 and $4,380. A breakout above $4,475 could revive the broader uptrend, while a break below $4,050 may trigger a correction towards $4,000. COMEX Silver has support at $59-60, followed by $55, while resistance is seen at $64.60, $67.75, and $72.10.

At MCX, gold is expected to trade between Rs1,44,000-Rs1,46,000, with a breakout above Rs1,46,000 targeting
Rs1,47,500-Rs1,48,500, while a break below Rs1,44,000 could drag prices towards Rs1,43,000. Silver may remain within Rs2,23,000-Rs2,30,000; a move above Rs2,30,000 could extend towards Rs2,35,000-Rs2,38,000, whereas a break below Rs2,23,000 may test Rs2,20,000.

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