Gold rates in India took a breather on August 14, a day before the 79th Independence Day celebration on August 15. However, despite the latest pause, the 24-carat gold rate in 100 grams is down by Rs 19,600 from its record high and lower by Rs 1,960 in 10 grams. However, trading in precious metals at MCX will not be open on August 15 due to the national holiday. Where is gold ahead?
By the end of August 14, the 24-carat gold price stood at Rs 1,01,350 per 10 grams and at Rs 10,13,500 in 100 grams. Meanwhile, the 22-carat gold price was at Rs 92,900 in 10 grams and at Rs 9,29,000 in 100 grams.
Taking into consideration the current market price, gold prices in 24 carat are lower by Rs 19,600 in 100 grams from its record high of Rs 10,33,100 which was seen on August 8. Also, the price of 10 grams of gold is away by Rs 1,960 from its peak of Rs 1,03,310, which was touched on August 8.
Nonetheless, gold prices are up by 1.53% in August 2025.
Unlike gold, silver prices surged sharply on August 14. 1Kg silver price gained by Rs 1,000 to hit Rs 1,16,000. While the prices of 100 grams and 10 grams of silver stood at Rs 11,600 and Rs 1,160, respectively.
MCX Gold Price + MCX Silver Price
MCX gold price fluttered around the Rs 1,00,000 lakh mark. After closing hours of August 14, MCX gold with October 2025 expiry, stood at Rs 99,850 per 1 gram, up by Rs 12.
Furthermore, MCX silver price with September 2025 expiry, stood at Rs 1,13,976 per 1kg, higher by Rs 33 on August 14.
MCX Holiday 2025:
Due to the national holiday for Independence Day on August 15, trading in commodities at MCX will be closed on Friday. The trading will resume next week on August 18.
Gold Price Outlook On August 15:
"Gold traded sideways near $3,355 on Comex and Rs 1,00,280 on MCX as market participants awaited the crucial U.S.-Russia meeting on 15th August over Russia-Ukraine peace talks, a war that has persisted for years," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.
Further, the analyst said, "Dollar weakness has lent support to gold, while ongoing tariffs on various countries have also underpinned its strength. Overall, gold remains positive as long as $3,280 is held. Range for gold is seen between Rs 99,000-Rs 1,01,500."
Spot Gold Price + Spot Silver Price:
Gold prices held steady around $3,350 an ounce on Thursday, as traders weighed the monetary and economic outlook against geopolitical tensions. Silver prices held above $38.5 per ounce on Thursday, hovering near a three-week high as expectations for deeper Federal Reserve rate cuts this year supported the market, as per Trading Economics.
Trading in the international gold and silver market will continue on August 15. Their performance will play a role in driving sentiment for the precious metals next week.
Disclaimer: The recommendations made above are by market analysts and are not advised by either the author or Greynium Information Technologies. Neither the author, nor the brokerage firm nor Greynium would be liable for any losses caused as a result of decisions based on this write-up. Goodreturns.in advises users to consult with certified experts before making any investment decision.
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