Gold and silver prices in India showed modest gains on August 13. The increase came as the US dollar weakened and inflation data suggested slower price growth. As a result, expectations of a possible interest rate cut by the US Federal Reserve next month have increased. Meanwhile, the slight rise followed a dip on Monday, when investors booked profits after recent highs. In addition, easing concerns over the Ukraine conflict reduced safe-haven demand.
At 9:20 am, MCX gold futures for October delivery traded at ₹1,00,236 per 10 grams, up 0.08%. Similarly, MCX silver contracts for September rose 0.46% to ₹1,14,265 per kilogram.
On August 12, gold prices were down 0.83% at ₹1,00,950 per 10 grams. Silver also fell 0.65% to ₹1,14,139 per kilogram. At the same time, speculation that the Ukraine war could be nearing an end reduced the appeal of gold as a protective asset.
Over the past two decades, gold has delivered strong returns in India. Prices climbed nearly 1,200%, from ₹7,638 in 2005 to over ₹1,00,000 in 2025. Moreover, gold gave positive returns in 16 of the last 20 years. From January to August this year alone, prices surged 31%. Therefore, gold stands out as one of the top-performing assets in a volatile global market.
Silver has also shown resilience. Prices have stayed above ₹1 lakh per kilogram for three weeks in a row. In comparison, over 20 years, silver rose about 668.84%. This shows that, like gold, silver has become more appealing to investors.
As of today, gold and silver prices in major cities are:
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Mumbai: Gold bullion ₹1,00,170/10g; Silver bullion ₹1,14,490/kg
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New Delhi: Gold bullion ₹1,00,000/10g; Silver bullion ₹1,14,250/kg
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Kolkata: Gold bullion ₹1,00,040/10g; Silver bullion ₹1,14,300/kg
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Bengaluru: Gold bullion ₹1,00,250/10g; Silver bullion ₹1,14,540/kg
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Hyderabad: Gold bullion ₹1,00,330/10g; Silver bullion ₹1,14,630/kg
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Chennai: Gold bullion ₹1,00,460/10g; Silver bullion ₹1,14,780/kg
MCX gold rates hovered around ₹1,00,192–₹1,00,250 per 10 grams. Meanwhile, MCX silver remained steady at ₹1,14,256 per kilogram.
When it comes to retail purchases, investors should remember that prices are higher due to making charges, GST, and other taxes. Nevertheless, despite these extra costs, gold and silver remain attractive investment options. Ultimately, they continue to offer stability and long-term growth in uncertain times.
