MCX Gold Price Prediction Cautiously Bearish to Sideways for Monday

The gold price prediction for Monday, August 24, 2026, is cautiously bearish to sideways according to Univest's Research Analysts. MCX Gold (Sep) fell by 1.24% to Rs 1,59,991 per 10 grams on August 18, as equity market weakness failed to trigger safe-haven buying.

Ankit Jaiswal places support at Rs 1,53,600 and resistance at Rs 1,60,555 for the gold price prediction. Kunal Singla notes that a hold above Rs 1,53,600 keeps the gold price prediction for Monday sideways rather than bearish.

The MCX Gold contract opened at Rs 1,58,400, touched a high of Rs 1,60,555, then sold to a low of Rs 1,58,277 before settling at Rs 1,59,991 on August 21. Ankit Jaiswal observes that gold and equities declined together on August 21, suggesting positioning adjustments rather than a fundamental bearish shift in the gold price prediction.