Mumbai— Gold and silver prices remained range-bound on Thursday as investors awaited the outcome of the August 15 meeting between the United States and Russia. Gold held above the ₹1 lakh mark per 10 grams, while silver slipped below ₹1.15 lakh per kilogram.
According to the India Bullion and Jewellers Association (IBJA), the price of 24-carat gold fell ₹74 to ₹1,00,023 per 10 grams from ₹1,00,097 the previous day. Prices for 22-carat and 18-carat gold declined to ₹91,621 and ₹75,017 per 10 grams, respectively.
Analysts attributed the subdued trading to investor caution ahead of the high-level talks, though weakness in the U.S. dollar is providing some support for gold.
Silver prices also retreated, with IBJA data showing a ₹342 drop to ₹1,14,933 per kilogram in the last 24 hours. IBJA releases spot market rates for gold and silver twice daily.
On the Multi Commodity Exchange (MCX), gold’s October 3, 2025, contract inched up 0.04 percent to ₹1,00,227, while silver’s September 5, 2025, contract settled 0.22 percent lower at ₹1,14,772.
Internationally, Comex gold was down 0.12 percent at $3,404 per ounce, and silver fell 0.61 percent to $38.36 per ounce.
“Gold traded sideways near $3,355 on Comex and ₹1,00,280 on MCX as market participants awaited the crucial U.S.–Russia meeting over the Russia-Ukraine peace talks,” said Jateen Trivedi of LKP Securities. “Dollar weakness has lent support to gold, while ongoing tariffs on various countries have also underpinned its strength. Overall, gold remains positive as long as $3,280 is held, with the range seen between ₹99,000 and ₹1,01,500.” (Source: IANS)
