Gold and Silver Prices Volatile on Independence Day
The price of gold and silver remains in focus on August 15, 2026, as India celebrates Independence Day. The previous day saw a sharp correction in precious metals, with buyers watching to see if prices will remain under pressure or recover after the recent rally.
On August 14, 24K gold was around ₹1.53 lakh per 10 grams, while 999 silver was around ₹2.36 lakh per kg. The latest domestic rates before the holiday provide a useful reference for buyers, although retail rates can vary by city and jeweller.
Gold prices had reached a more than two-month high before investors started booking profits, leading to the sharp correction on August 14. However, international bullion markets can continue to influence expectations, with spot gold recovering on Friday after the previous session's decline, supported by a weaker US dollar and expectations that the Federal Reserve may maintain interest rates in the near term.
The recent correction does not automatically mean that the broader trend has completely reversed. Gold and silver had both recorded strong gains before profit booking emerged. If international prices recover during the holiday period, domestic rates could open higher in the next session.