Will Gold and Silver Prices Remain Steady as Investors Anticipate US-Russia Meeting?
Click to start listening
Synopsis
Gold and silver prices are in a cautious state as investors await the outcome of the pivotal US-Russia meeting. With gold maintaining a position above Rs 1 lakh per 10 grams and silver dipping below Rs 1.15 lakh, market analysts are closely monitoring the developments that could influence these precious metals.
Key Takeaways
- Gold prices are currently above Rs 1 lakh per 10 grams.
- Silver prices have fallen to below Rs 1.15 lakh per kg.
- Investors are waiting for the outcome of the US-Russia meeting.
- The weakness of the US dollar is providing support to gold.
- Market analysts predict a trading range for gold between Rs 99,000 and Rs 1,01,500.
Mumbai, Aug 14 (NationPress) Gold and silver experienced limited fluctuations on Thursday, with gold prices remaining above the Rs 1 lakh threshold per 10 grams, while silver fell below Rs 1.15 lakh per kg.
As per the latest data from the India Bullion and Jewellers Association (IBJA), the cost of 24-carat gold decreased by Rs 74 to Rs 1,00,023 per 10 grams from Rs 1,00,097 the previous day. The prices for 22-carat and 18-carat gold also dropped to Rs 91,621 and Rs 75,017 per 10 grams, respectively.
Experts note that investors are closely watching the upcoming meeting between the US and Russia scheduled for August 15, which is contributing to the stabilization of gold prices. The ongoing weakness of the US dollar is providing additional support for the precious metal.
Silver prices also experienced a decline, with rates falling Rs 342 to Rs 1,14,933 per kg in the past 24 hours. The IBJA updates spot market prices for gold and silver twice a day.
On the Multi Commodity Exchange (MCX), the October 3, 2025, gold contract saw a slight increase of 0.04 percent to Rs 1,00,227, while the September 5, 2025, silver contract settled 0.22 percent lower at Rs 1,14,772.
Internationally, prices on Comex were also under pressure, with gold declining 0.12 percent to $3,404 per ounce and silver dropping 0.61 percent to $38.36 per ounce.
"Gold traded sideways near $3,355 on Comex and Rs 1,00,280 on MCX as market participants awaited the key US–Russia meeting on August 15 regarding the ongoing Russia-Ukraine conflict," stated Jateen Trivedi of LKP Securities.
The weakness of the dollar has bolstered gold prices, while persistent tariffs on various countries have also contributed to its strength. Overall, gold is expected to remain positive as long as it stays above $3,280. The projected range for gold is seen between Rs 99,000 and Rs 1,01,500, Trivedi added.
Point of View
Gold and silver are critical indicators of market sentiment. As a national editor, it is crucial to recognize that while investors await significant geopolitical developments, the stability of these precious metals remains vital for overall economic health. Our commitment is to provide the most authoritative and trustworthy insights on market trends.
NationPress
20/08/2025
Frequently Asked Questions
What factors are influencing gold and silver prices?
Current geopolitical events, especially the US-Russia meeting, and the weakness of the US dollar are significant factors influencing gold and silver prices.
How have gold prices changed recently?
Gold prices have seen a slight decline, currently standing at Rs 1,00,023 per 10 grams, down by Rs 74.
What is the latest price for silver?
Silver prices have decreased to Rs 1,14,933 per kg, reflecting a drop of Rs 342.
