Gold price today remained unchanged in the national capital on Monday (August 18), with the current price of gold standing at ₹1,00,920 per 10 grams for 99.9% purity, according to the All India Sarafa Association.

The gold rate today follows a ₹500 decline on Saturday, when prices slipped from Thursday’s closing of ₹1,01,420 to ₹1,00,920 per 10 grams. Bullion markets remained shut on Friday due to the 79th Independence Day holiday.

In the local market, gold of 99.5% purity (inclusive of all taxes) also traded flat at ₹1,00,500 per 10 grams. Those considering buying gold or exchanging cash for gold saw minimal price movement as the market entered a consolidative phase.

“Gold traded flat to volatile as the US-Russia meeting over the weekend did not yield any clear resolution on the Moscow and Kyiv peace process, though the tone of talks was positive. This has kept prices in a consolidative phase, as any breakthrough towards peace could pressure gold lower, while prolonged delays in resolution are likely to keep prices supported,” said Jateen Trivedi, VP Research Analyst, Commodity and Currency at LKP Securities.

What are the silver prices?

In contrast, silver prices saw a sharp rise of ₹1,000, reaching ₹1,15,000 per kg (inclusive of all taxes) on Monday. It had closed at ₹1,14,000 per kg in the previous session.

On the international front, gold prices edged up slightly with spot gold trading at USD 3,349.29 per ounce in New York. Spot silver also moved up by 0.35%, trading at USD 38.14 per ounce.

“Investors are anticipating release of the US Federal Reserve's meeting minutes, which may provide further context for the decision to maintain interest rates at their current level,” noted Renisha Chainani, Head of Research at Augmont.

“With labour markets trembling, inflation sending conflicting signals, and market pricing in interest rate cuts, Fed Chair Jerome Powell's speech at the Jackson Hole Symposium 2025 could prove to be a turning point for US monetary policy and gold sentiment,” she added.

As investors monitor both geopolitical tensions and central bank signals, the current price of gold is expected to remain sensitive to global developments, influencing domestic sentiments around buying gold and gold price today.