Gold Price Today: MCX Gold Slips to ₹1,63,044 as Dollar, Bond Yields Rise Ahead of Jackson Hole

Gold price on MCX slipped slightly to near ₹1,63,044 per 10 grams on August 25, 2026, pulling back from Monday’s ₹1,63,970 close. The dip came as the dollar firmed and investors turned cautious ahead of Fed Chair Kevin Warsh’s Jackson Hole speech. Despite today’s pullback, gold remains near a three-month high after surging 5.7% between August 15 and August 24.

Why Gold Prices Pulled Back Today

Profit-Booking After a Sharp Weekly Rally

Gold gained roughly 5% over the past week, prompting some investors to book profits Tuesday. Spot gold traded between $4,632.26 and $4,652.00 per troy ounce during the session. That range still sits well above levels seen earlier this month, reflecting a genuine shift in bullion sentiment.

Dollar Strength Adds Near-Term Pressure

A firmer dollar typically makes gold costlier for holders of other currencies, dampening near-term demand. This reversal follows last week’s sharp dollar weakness, which had been the primary driver behind gold’s rapid climb toward $4,700 per ounce.

What’s Keeping Gold Prices Elevated Overall

Treasury Buyback Move Continues Supporting Bullion

The US Treasury’s decision to double its long-term bond buyback program to $4 billion per session remains a key tailwind for gold. That move pushed Treasury yields lower earlier this month, reducing the opportunity cost of holding non-yielding assets like bullion.

Jackson Hole Speech Looms as Key Catalyst

Markets now await Fed Chair Kevin Warsh’s Jackson Hole address for fresh signals on US interest rate policy. Investors are also watching upcoming July PCE inflation data closely. Both events could meaningfully influence gold’s direction over the coming sessions.

GOLD PRICES DROP, SILVER SLIPS AHEAD OF INFLATION DATA

Gold fell for the fourth consecutive session and silver slipped to Rs 4,300 per kg as traders await US inflation numbers and Fed Chair Kevin Warsh’s remarks at Jackson Hole.#Gold #Silver #Inflation

— Finance Flash (@FinanceFlashNow) August 25, 2026

Domestic Gold Rates Across Indian Cities Today

24K and 22K Prices Ease Slightly

24K gold traded near ₹16,375 per gram on August 25, down from Monday’s ₹16,397 level. 22K gold stood at approximately ₹15,030 per gram, while 18K gold traded near ₹12,293 per gram nationally. These retail-level dips tracked the broader MCX futures pullback closely.

City-Wise Price Comparison

Delhi quoted 24K gold at ₹16,412 per gram, slightly above the national average. Mumbai and Kolkata generally track closer to the national benchmark rate. These regional variations stem mainly from local taxes, transportation costs, and jeweller premiums layered onto the base bullion price.

Silver and Broader Commodity Context Today

Silver Holds Steady Near Record Levels

September silver futures held around ₹2,46,819 per kilogram, remaining largely flat against gold’s modest decline. Silver has stayed resilient near ₹2.60 lakh per kilogram in the retail market, reflecting continued industrial and investment demand alongside gold’s safe-haven appeal.

What This Means for Gold-Linked Stocks

Jewelry retailers like Titan Company and Kalyan Jewellers often see near-term demand softness when gold prices run hot. Mining names such as Newmont Corporation and Barrick Gold typically benefit from sustained bullion strength. Rising gold prices continue pressuring physical jewellery volumes even as investment demand stays firm.

Bottom Line

Today’s pullback looks like routine profit-booking after a sharp rally, not a trend reversal. Jackson Hole commentary and PCE inflation data will likely set gold’s next direction. Investors should watch dollar movement and Fed signals closely this week.

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.