Gold and silver prices in India are witnessing constant fluctuations due to global and domestic factors. On 18 August 2025, the bullion market once again opened with new price corrections. Both metals are affected by international market trends, local demand, and investment sentiments. Investors, jewelers, and buyers closely track these changes every day.

Gold and silver are not only used for ornaments but also as safe-haven assets. In uncertain economic times, people often shift towards precious metals for stability. This demand plays a major role in shaping the daily rate.

Impact of Market Opening After Holidays

The bullion markets were closed on 15, 16, and 17 August due to holidays. On 18 August, trading resumed with gold and silver opening at slightly lower levels. According to the India Bullion and Jewellers Association (IBJA), 24-carat gold dropped below ₹1,00,000 per 10 grams. Silver also witnessed a decline from earlier highs.

Such post-holiday corrections are normal, as traders realign positions based on global trends. The Indian market reflects movements seen in New York, London, and Shanghai exchanges.

Current Gold Prices Across Categories

Gold is available in multiple purities including 24, 23, 22, 18, and 14 carats. Each purity has different rates depending on purity levels and demand.

On 18 August, the following rates were recorded:

• 24-carat gold opened at ₹1,00,023 per 10 grams and dropped to ₹99,737 later.

• 23-carat gold was priced at ₹99,338 per 10 grams in the afternoon.

• 22-carat gold traded near ₹91,359 per 10 grams.

• 18-carat gold recorded ₹74,803 per 10 grams.

• 14-carat gold fell to ₹58,346 per 10 grams.

Silver stood at ₹1,14,017 per kilogram, marking a fall from earlier levels.

Comparison with Previous Week’s Prices

On 14 August, before the long weekend, gold witnessed strong gains in Delhi. Prices rose by ₹400 per 10 grams due to fresh buying. Standard gold with 99.9 percent purity was at ₹1,01,420 per 10 grams. Similarly, 99.5 percent purity gold climbed to ₹1,01,000 per 10 grams.

Silver also registered significant gains on that day. It increased by ₹1,500 per kilogram to settle at ₹1,13,500. These movements came after positive cues from global markets and renewed investor interest.

International Influence on Gold and Silver

Global markets play a crucial role in deciding Indian bullion rates. On 14 August, spot gold in New York rose slightly to $3,356.96 per ounce. However, silver prices fell by 0.41 percent to $38.35 per ounce.

Any movement in the dollar index directly influences these metals. A weaker dollar usually pushes gold prices higher, while a stronger dollar caps gains. Additionally, inflation data and central bank policies worldwide contribute heavily.

Expert Opinions on Gold and Silver Trends

Market experts have provided detailed insights into current price movements.

Renisha Chainani, head of research at Augmont, explained that expectations of a US Federal Reserve rate cut supported gold. According to her, weaker labor market data and consumer price index reports lowered inflation worries. This created a positive outlook for both gold and silver.

Kainat Chainwala, AVP commodities research at Kotak Securities, pointed out that producer price index data also boosted prices. However, she warned about uncertainties due to trade negotiations between the US and China. She also noted the impact of upcoming talks among US, Europe, Ukraine, and Russia.

Jatin Trivedi, Vice President at LKP Securities, highlighted the weaker dollar and tariff announcements by various nations. He emphasized that as long as gold remains above $3,280 per ounce, the outlook remains positive.

Gold in Futures Market

The futures market reflected similar sentiments with rising contracts. On 14 August, October delivery gold on the Multi Commodity Exchange (MCX) rose by ₹112. It closed at ₹1,00,297 per 10 grams, with over 13,000 lots traded.

Globally, December delivery COMEX gold futures in New York advanced by 0.23 percent. The price reached $3,363.64 per ounce, indicating sustained bullish momentum.

Silver Futures and Trading Activity

Silver also followed a positive trend in the futures segment. On MCX, September delivery silver increased by ₹116 to ₹1,14,913 per kilogram. Trading volumes crossed 14,700 lots, highlighting strong interest from investors.

In the global market, silver recorded a small rise to $38.51 per ounce. The marginal increase showed resilience despite profit-booking pressures.

Why Are Gold and Silver Prices Volatile?

Gold and silver prices fluctuate daily due to multiple reasons. Global currency movements, inflation rates, and interest rate expectations are key factors. Additionally, geopolitical tensions, trade agreements, and domestic demand influence the Indian bullion market.

Festive seasons and wedding demand in India also create price surges. International investors track gold as a hedge against inflation and economic slowdowns. Meanwhile, silver’s industrial demand adds another layer of complexity.

Gold as a Safe-Haven Investment

Gold has historically been seen as a secure asset during uncertain times. Investors turn to gold when stock markets and currencies show instability. The ongoing global economic uncertainties, including trade disputes and inflation fears, support this trend.

Silver, though more volatile, also attracts investment during such periods. Its dual role as an industrial metal and a store of value makes it unique.

Investor Strategies in Current Market

Experts advise investors to remain cautious while buying gold at high levels. Accumulation in smaller quantities during dips is considered a wise approach. Long-term investors continue to see gold as a hedge against inflation.

Silver, on the other hand, is attracting traders due to industrial growth prospects. Renewable energy and electric vehicle demand boost silver’s long-term potential.

Demand Outlook for the Coming Months

With the festive season approaching, domestic demand for gold is expected to rise. Navratri, Dussehra, Diwali, and wedding season will increase buying. Traditionally, gold prices firm up during this period due to strong consumer demand.

Silver’s demand may also rise as industries pick up production. Global industrial activity could influence prices further.

Challenges Facing the Bullion Market

Despite strong fundamentals, the bullion market faces uncertainties. Any unexpected move by the US Federal Reserve can impact global prices. Additionally, geopolitical tensions between major nations may create volatility.

The Indian market must also handle challenges like import duties and currency fluctuations. Any sharp movement in the rupee directly affects gold and silver prices.

On 18 August 2025, gold and silver in India traded lower than last week. 24-carat gold was around ₹99,737 per 10 grams, while silver settled near ₹1,14,017 per kilogram.

Experts suggest that the overall outlook remains positive in the medium term. Investors should track global events, dollar movements, and inflation data closely. With the festive season approaching, demand-driven price increases are likely.

Gold and silver continue to be attractive investment options for long-term wealth protection. However, short-term volatility should be expected, and cautious accumulation is advised.