Current Trends in Gold and Silver Prices: Market Insights

Gold and Silver Price Update

Gold and Silver Rate today: The demand for gold, typically viewed as a safe investment, has been affected by a decrease in geopolitical risks. Additionally, the market sentiment softened following U.S. President Donald Trump's announcement of a meeting with Russian President Vladimir Putin in Alaska on August 15. This has contributed to a decline in gold prices. On August 11, both gold and silver saw a drop in prices on the Multi Commodity Exchange (MCX).

In the domestic Indian market, gold and silver prices have decreased by approximately ₹850 today. On the first trading day of the week, Monday, gold on MCX fell by ₹853, reaching ₹100,945 per 10 grams, while silver dropped by ₹706, trading at ₹114,175 per kilogram. In the international market, spot gold is trading down by 0.54%, priced at $3,378.63 per ounce.

Retail Prices Overview

Retail Price Trends

Despite the decline in MCX and international levels, retail prices for gold have remained stable on Tanishq's website for the past two days. On August 11, the price for 24-carat gold was recorded at ₹103,470 per 10 grams, the same rate noted on August 10. For 22-carat gold, the price on Monday was ₹94,850 per 10 grams.

Market Focus

Key Issues to Watch

Market participants are now looking ahead to the inflation data from the U.S. and India, set to be released on August 12. An increase in U.S. inflation data is anticipated, which could influence the Federal Reserve's interest rate decisions in September. Furthermore, Trump's tariffs are playing a crucial role in shaping market sentiment. If tariffs remain at 50%, it could negatively impact riskier equity markets while boosting demand for gold as a safe investment.