Gold Price Today: MCX Gold Rises 0.34% to ₹1,55,030, Silver Gains 0.5% as Brent Hits $88.67

The gold price on MCX rose 0.34% to ₹1,55,030 per 10 grams on Monday, August 17, 2026. Silver futures gained 0.5%, tracking a broader rally in global bullion markets. Brent crude touched $88.67 per barrel, adding fresh safe-haven demand for precious metals. MCX gold had earlier touched an intraday high of ₹1,56,155 before correcting lower. Rising crude prices and geopolitical uncertainty continue driving investor caution across commodity markets this week.

Gold Price Momentum Cools After Early Spike

The gold price opened firm Monday, climbing to ₹1,55,085 per 10 grams from Friday’s close of ₹1,54,506. That marked a gain of ₹579, or 0.37%, in early trade.

• MCX gold touched an intraday high of ₹1,56,155 before pulling back sharply.
• The metal later settled closer to the ₹1.55 lakh mark by mid-morning.

This pattern suggests investors remain cautiously bullish rather than aggressively chasing higher prices. Profit booking near record levels appears to be capping further upside for now, even as underlying demand stays resilient.

WHY RISING OIL SHOULD LIFT GOLD — AND WHY MINING STOCKS REMAIN DEEPLY UNDERVALUED

German gold and silver expert Dimitri Speck points to a striking disconnect. When oil prices rise on geopolitical tension, gold and silver currently fall — the exact opposite of the 1970s… pic.twitter.com/aoN94eEGL4

— Mark (@Mark4XX) August 16, 2026

Silver Outperforms Gold in Global Trade

MCX silver futures traded at ₹2,37,387 per kilogram, up ₹1,463, or 0.62%, from Friday’s close of ₹2,35,924. The metal touched an intraday high near ₹2,38,500 before correcting to around ₹2,37,500.

• Global spot silver rose nearly 1.5% to trade near $65.50 per ounce.
• That outpaced spot gold’s 0.5% gain to approximately $4,395 per ounce internationally.

Silver’s stronger performance reflects its dual role as both a monetary and industrial metal. Rising industrial demand alongside safe-haven buying continues giving silver an edge over gold in recent sessions.

Crude Oil Volatility Adds to Market Uncertainty

Brent crude traded near $88.67 per barrel Monday, while US WTI crude held volatile above $82 per barrel. Elevated oil prices typically support gold and silver as inflation hedges.

• Natural gas prices plunged 2.5% during the same session.
• Gasoline prices also corrected lower, showing mixed energy market signals.

Ongoing geopolitical tensions continue keeping crude oil prices elevated despite periodic corrections. That backdrop remains a key factor shaping this week’s precious metals trading direction across both MCX and global exchanges.

Brent crude trades above $88 barrel as US-Iran memorandum expires with talks deadlocked, while US emergency oil reserves fall below 300M barrels for first time since early 1980s. Here's more 👇 pic.twitter.com/JFurgh70jN

— TRT World Now (@TRTWorldNow) August 17, 2026

What’s Driving This Week’s Bullion Outlook

Commodity market expert Manoj Kumar Jain expects gold and silver to stay highly volatile through the week. He pointed to the Federal Reserve’s upcoming policy meeting minutes as a key catalyst.

• US jobless claims rose to 209,000 last week, lending support to bullion prices.
• Last week’s US inflation data matched market expectations, offering no major surprises.

Jain recommends buying gold on dips near ₹152,500 to ₹153,000, targeting ₹155,500 to ₹156,000. For silver, he suggests entries around ₹232,000 to ₹233,300, targeting ₹238,000 to ₹240,000.

How This Affects India’s Gold-Linked Stocks

Rising gold and silver prices typically benefit India’s jewelry and gold-financing companies during bullish commodity cycles. Titan Company, Kalyan Jewellers, and Rajesh Exports often track MCX bullion price movements closely. Gold-loan lenders Muthoot Finance and Manappuram Finance also see improved collateral values when prices climb. Investors watching these stocks should monitor how sustained gold price strength translates into quarterly earnings performance.

Final Words

Monday’s gold price gains reflect cautious optimism rather than aggressive buying, given the sharp pullback from intraday highs. With the Fed’s policy minutes due this week, volatility in both gold and silver looks set to continue. Traders should watch crude oil movements and the dollar index closely for near-term price direction.

Disclaimer:

The content shared by Meyka AI PTY LTD is for research and informational purposes only. Meyka is not a financial advisory service, and the information provided should not be treated as investment or trading advice.