Gold rates in India have been volatile to bearish in the past 11 days, with 24 carat of 100 grams crashing by Rs 25,600 till August 19, 2025. This is despite the failure in ceasefire talks between Russia and Ukraine.
On August 20th, gold is expected to trade range-bound, with focus shifting towards Friday’s Jackson Hole speech by Fed Chair Jerome Powell, which could offer rate cut probability.
Gold Rates In India:
10 grams of gold is at Rs 1,00,750 in 24 carat, at Rs 92,350 in 22 carat, and at Rs 75,560 in 18 carat. Meanwhile, the price of 100 grams of gold price is at Rs 10,07,500 in 24 carat, at Rs 9,23,500 in 22 carat, and at Rs 7,55,600 in 18 carat.
The cheapest price of gold in India is at Rs 10,074 per gram for 24 karat gold, at Rs 9,234 per gram for 22 karat gold and at Rs 7,555 per gram for 18 karat gold (also called 999 gold).
Gold Prices In India In 11 Days:
100 grams gold in 24 carat dropped by Rs 4,300 on August 19, after prices were unchanged on August 18 and August 17. However, 100 grams gold price plunged by Rs 600 on August 16, followed by a decline of Rs 1,100 on August 15. Gold was unchanged again on August 14.
Furthermore, 100 grams gold price dipped by Rs 500 on August 13, while crashing by Rs 8,800 on August 12 and by Rs 7,600 on August 11. Prior to this, 100 grams gold price was unchanged on August 10, but tumbled by Rs 2,700 on August 9.
Cumulatively, from August 9th to August 19th, gold price plummeted by Rs 25,600 in 100 grams of 24 carat.
Gold Prices In Your City:
Gold Rates In Chennai:
Gold Rates In Hyderabad:
Gold Rates In Bangalore:
Gold Rates In Delhi:
Gold Rates In Mumbai:
These prices could change on August 20.
MCX Gold Price + MCX Silver Price:
On August 20, at the time of writing, MCX gold traded lower by Rs 53 to Rs 98,643 per 10 grams, while MCX silver plunged further by Rs 516 or 0.46% to trade at Rs 1,10,829 per 1kg in the opening bell.
On August 19, MCX gold price stood at Rs 98,650 per 10 grams, down by Rs 46. This is of MCX gold October 2025 expiry. MCX silver price with September 2025 expiry, was at Rs 1,10,849 per 1kg, down by Rs 496 or 0.45%.
Gold & Silver Prices Outlook:
“Going ahead, gold is expected to trade with a mildly positive bias within Rs 99,000-Rs 1,00,000 on MCX and $3,335-$3,360 on Comex. Market participants now shift focus to Friday’s Jackson Hole speech by Fed Chair Jerome Powell, which will be the key driver for volatility and direction,” said Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.
Also, as per Rahul Kalantri, VP Commodities, Mehta Equities, gold and silver prices hovered in tight range as investors balanced geopolitical developments with monetary policy expectations. US President Donald Trump said after meeting Ukrainian President Volodymyr Zelenskiy and European leaders that he was working to arrange a direct meeting between Zelenskiy and Russian President Vladimir Putin, followed by a trilateral summit.
The move raised cautious optimism about a possible peace deal, though doubts linger about a swift resolution. Meanwhile, market attention is firmly fixed on the Federal Reserve’s annual Jackson Hole symposium later this week. Fed Chair Jerome Powell is expected to provide key policy signals, with traders currently assigning an 84% probability to a 25 basis point rate cut in September, as per Kalantri.
That being said, Kalantri added, gold has support at $3315-3290 while resistance at $3352-3370. Silver has support at $37.55-37.35 while resistance is at $38.10-38.30. In INR gold has support at Rs99,050-98,750 while resistance at Rs99,750-1,00,050. Silver has support at Rs1,12,580-1,11,750 while resistance at Rs1,14,350, 1,14,950.
Spot Gold Price + Spot Silver Price
Spot Gold fell to around $3,310 per ounce on Wednesday, approaching a three-week low, as prospects of easing geopolitical tensions and a rising US dollar weighed on the metal ahead of the Federal Reserve’s Jackson Hole symposium. At the same time, Spot Silver held at $38 per ounce, as signs of progress in the Ukraine peace negotiations dampened safe-haven demand, according to Trading Economics.