Precious metal prices in India saw a dip on August 19, 2026, with both gold and silver futures trading lower on the Multi Commodity Exchange (MCX). This movement reflects the influence of international bullion market weakness on domestic rates, impacting real-time gold and silver prices across the country.
MCX Futures See Declines
On the MCX, gold futures for the specified date were down by 0.13%, settling at ₹1.54 lakh per 10 grams. Silver futures experienced a more significant drop, falling by approximately 1.21% to ₹2.29 lakh per kilogram. These figures indicate a cautious sentiment among traders in the futures market.
Retail Gold Rates Across Major Cities (August 18, 2026)
In the retail market, gold prices remained largely stable on August 18, 2026, ahead of the futures market dip. Consumers can find various purities, with 24-karat gold being the purest form and 22-karat preferred for jewellery due to its durability.
- 24K Gold (per 10 grams):
- Delhi: ₹1,56,050
- Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai: ₹1,55,900
- 22K Gold (per 10 grams):
- Delhi: ₹1,43,060
- Mumbai, Bengaluru, Kolkata, Hyderabad, Chennai: ₹1,42,910
Retail Silver Rates (August 18, 2026)
Silver, often seen as a dual-purpose metal with significant industrial demand, also saw its retail rates steady on August 18, 2026:
- Silver (per kilogram):
- Delhi, Mumbai, Bengaluru, Kolkata: ₹2,49,900
- Hyderabad, Chennai: ₹2,54,900
Leading Jeweller Prices (August 18, 2026)
Major Indian jewellers quoted consistent rates, with slight variations attributed to brand-specific policies and regional market dynamics:
- 22K Gold (per gram):
- Joyalukkas: ₹14,290
- Malabar Gold & Diamonds: ₹14,290
- Tanishq: ₹14,315
- 24K Gold (per gram):
- Malabar Gold & Diamonds: ₹15,567
- Tanishq: ₹15,022
Factors Influencing Precious Metal Prices
The global economic landscape continues to dictate the trajectory of gold and silver prices. Market participants closely monitor several key indicators:
- Global economic data releases
- Expectations regarding US interest rate changes
- Fluctuations in major global currencies
While gold's demand often acts as a defensive and monetary asset, silver's value is more intricately linked to industrial activity, making both susceptible to different market pressures.