Profit Booking Weighs on Gold-Silver Prices as Rally Momentum Fades
Gold and silver prices are experiencing a decline after a recent sharp rally, driven by investors booking profits. On August 14, 2026, MCX gold futures for October delivery traded around ₹1,52,304 per 10 grams, down from the previous level cited by market reports. The correction follows a strong run-up in precious metals, making profit booking the key factor currently influencing prices.
The recent decline is mainly linked to profit taking after the strong rally. US inflation data came in broadly in line with expectations, reducing some of the immediate buying pressure that had pushed bullion higher. Gold had climbed to its highest level since June 5 before reversing sharply. Analysts expect volatility to remain elevated following the recent sharp rally.
The next direction for precious metals is likely to depend on a combination of US monetary-policy expectations, the dollar, crude oil prices and geopolitical developments. A stronger dollar can put pressure on internationally traded bullion, while heightened uncertainty can support safe-haven demand for gold.