New Delhi 20 Aug 2025 (Punjab Khabarnama Bureau): If you are planning to buy gold or silver, this news is useful for you. On Wednesday morning, both gold and silver prices saw a decline, bringing some relief to customers.
Slight fall in gold prices
In the domestic futures market (MCX), gold fell by 0.07% i.e. ₹67, reaching ₹98,629 per 10 grams. Earlier on Tuesday, according to the rates released by the India Bullion and Jewellers Association (IBJA):
- 24-carat gold: ₹99,170 per 10 grams
- 22-carat gold: ₹96,790 per 10 grams
- 20-carat gold: ₹88,260 per 10 grams
- 18-carat gold: ₹80,330 per 10 grams
What’s causing the decline?
- Stronger Dollar: The strengthening of the US dollar has impacted gold demand in international markets. A stronger dollar makes gold more expensive for buyers holding other currencies.
- US Fed policy anticipation: Investors are awaiting the minutes of the upcoming US Federal Reserve policy meeting and the speech of Chairman Jerome Powell scheduled for Friday. Ahead of this, investors are adopting a cautious stance.
Sharp fall in silver prices
On MCX, silver futures slipped by 0.50% i.e. ₹555, dropping to ₹1,10,790 per kg this morning. This fall is sharper compared to gold.
International market update
Gold (COMEX & Spot):
- COMEX gold rose 0.05% to $3,360.40 per ounce
- Spot gold was up 0.07% at $3,318.25 per ounce
Silver (COMEX & Spot):
- COMEX silver fell 0.57% to $37.60 per ounce
- Spot silver declined 0.50% to $37.21 per ounce
Summary:
Gold prices declined, making 10 grams cheaper, while silver witnessed a sharp fall. Consumers closely tracked the updated rates amid shifting trends in precious metals markets.