Gold Rate in India Today, Aug 18: Prices Steady After Heavy Fall Last Week; Check Latest City-Wise Prices

Gold prices in India today are taking a breather, with no major movement recorded in early trade. Over the past ten days, the 24-karat gold rate in India has slipped sharply by 2%, or 21,600 per 100 grams, in the bullion market.

Traditionally, August, September, and October observe strong gold and jewellery demand due to the festive season, as a lot of Hindi festivals like Ganesh Chaturthi, Navaratri, and Diwali are all on the verge. However, with gold prices in India hitting record highs earlier, buyers are now more cautious and postponing big jewellery purchases, but this continued drop in yellow metal rates has brought back the optimism.

Global spot gold gained today after falling continuously, reaching recent lows. Currently, spot gold prices are trading around USD 3,350 per ounce, well below their all-time highs. Market experts are closely monitoring how the escalating trade tensions might impact global gold prices in the coming days.

Gold Rate in India Today

Since there is no movement in gold prices on August 18th, 22-carat gold rates in India are currently steady at Rs. 92,750 per 10 grams, while the 24-carat gold rates are at Rs. 1,01,180 per 10 grams. Just like that, 18-carat gold rates in India were stable at Rs. 75,890 per 10 grams.

Similarly, 100 grams of 24-carat gold rates are now priced at Rs 10,11,800, while the 22-carat gold today costs Rs 9,27,500.

Silver Rate in India Today

The silver rate in India today jumped for the fourth time in the last five days. Currently, 1 kg of silver costs Rs. 1,17,000 while 100 g costs Rs. 11,700.

Gold Price Outlook Ahead

International gold prices are expected to rise further as per the ICICI Commodity Report, which stated, "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. Additionally, tariff concerns and uncertainty over this week's Trump-Putin meet would support prices. Meanwhile, investors will keep an eye on key US PPI numbers to get further clarity.

MCX Gold Futures and Silver Futures Prices

On the Multi Commodity Exchange (MCX), gold futures slated to mature on October 5th, 2025, are trading in green currently at Rs. 100,004 per 10 grams after rising 0.16%. Similarly, silver futures, which are set to expire on September 5th, slipped slightly today by 0.18% to trade at Rs. 114,152 per kg at the time of writing.

Spot Gold Prices + Spot Silver Price Today

According to a Reuters report, "Spot gold gained 0.5% to $3,350.55 per ounce as of 0353 GMT on Monday, after hitting its lowest level since August 1. U.S. gold futures for December delivery rose 0.4% to $3,396.90. Spot silver rose 0.4% to $38.13 per ounce."

City-Wise Gold Rates Today

Gold rates in several major metropolitan cities in India, such as Chennai, Mumbai, Bangalore, and Hyderabad, observed no rise or fall. Here's the latest city-wise update on 22-carat and 24-carat gold rates as of 18th August.

Gold Rates in Chennai

Gold Rates in Bangalore

Gold Rates in Hyderabad

Gold Rates in Mumbai

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