Gold Rate In India Pauses After Rs. 18,000/100g Fall; Check Prices In Your City Ahead of Independence Day 2025

Gold prices in India today have paused their continuous decline after a sharp fall of Rs. 18,000 per 100 grams over the past four days, which came as positive news for buyers.

As the festive season is approaching, including Karishnan Janmashtami and Ganesh Chaturthi, market activity is gradually picking up.

On the global front, international gold prices are on the rise as the US dollar fell to a multi-month low of 97.72, down 0.12%. Investors are closely watching upcoming US economic data, including the Producer Price Index (PPI), weekly jobless claims, and retail sales, for hints on the Federal Reserve's rate path.

Gold Rate in India Today

Since no movement has been observed in gold prices on August 14th, the 22-carat gold rate in India is stable at Rs. 92,900 per 10 grams. While the 24-carat gold prices today are currently retailing at Rs.101,350 per 10 grams. Similarly, the 18-carat gold rate today costs Rs 76,010 per 10 grams.

100 grams of 22-carat gold stand at Rs 929,000. While the 24-carat gold price in India per 100 grams is now retailing at Rs 113,500.

MCX Gold and Silver Futures Update

On the Multi Commodity Exchange (MCX), gold futures slated to mature on October 5th, 2025, are trading in green currently at Rs. 100,215 per 10 grams after rising 0.09%. Similarly, silver futures, which are set to expire on September 5th, slipped slightly today by 0.01% to trade at Rs. 115,131 per kg at the time of writing.

Market Outlook for Gold Prices

"We expect precious metals prices on Indian bourses to trade range-bound to slightly higher for the day, as gold prices rose for a third day as bets on Federal Reserve interest-rate cuts increased after Treasury Secretary Scott Bessent urged the US central bank to lower borrowing costs. Gold prices are expected to pull back. One can buy at 100400 with a stop loss of 100100 for the target at 100800-101200." As per Nirmal Bang Securities.

City-Wise Gold Rates Today

Major metropolitan cities in India, including Chennai, Mumbai, Bangalore, and Hyderabad, mirrored this stability in gold rates today. Here's the latest city-wise update on 22-carat and 24-carat gold rates ahead of Independence Day.

Silver Rate in India Today

Silver prices in India today took a leap on August 14, as 1 kg of silver in India now costs Rs. 116,000, after rising by Rs. 1,000. While 100 g of silver rates in India cost Rs 16,000, which jumped by Rs 100.

Spot Gold Prices + Spot Silver Price Today

According to the latest report by Reuters, "Spot gold rose 0.2% to $3,359.81 per ounce as of 0410 GMT. U.S. gold futures for December delivery added 0.3% to $3,408.50. Spot silver gained 0.1% to $38.56 per ounce."

"Spot Gold is likely to rise towards $3400 on growing optimism over a 50-bps rate cut in September. US Treasury Secretary Scott Bessent urged the Fed to start the series of rate cuts with a 50-bps cut in September. The CME FedWatch tool indicates more than a 93% probability of a 25 bps rate cut in September and more than a 64% probability of another 25 bps cut in October." As per the ICICI Commodity Report.

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