Gold Prices Steady Amid Global Market Volatility

Gold and silver prices remained relatively stable on August 18, as weakness in international bullion markets impacted domestic rates.

The price of gold hit ₹1,55,900 per 10 grams, while silver rates neared ₹2,49,900 per kg.

On the Multi Commodity Exchange (MCX), gold futures fell by 0.13% to ₹1.54 lakh per 10 grams, and silver futures dropped by around 1.21% to ₹2.29 lakh per kilogram.

Market participants are keeping a close eye on global economic data, US interest rate expectations, and currency movements for further direction in precious metal prices.