Gold and silver prices started Tuesday, August 18, 2026, on a weaker note after both precious metals gained a day earlier. Prices declined in the international market, with the weakness also reflected in the domestic futures market. On the Multi Commodity Exchange (MCX), gold fell by around ₹691, while silver declined by around ₹2,248 per kilogram.
On Tuesday, gold prices on Comex declined by around 0.46%. At the time of writing, gold was trading at approximately $4,452.90 per ounce. Silver recorded a sharper decline, with its Comex price falling around 1.35% to approximately $65.335 per ounce.
Movements in international precious metals prices directly affect Indian bullion and futures markets. Domestic market participants therefore track developments in global commodity markets.
Gold prices also declined on the domestic futures market on Tuesday. In early trading, gold fell by around ₹691 to approximately ₹1,55,149 per 10 grams on the MCX.
Futures prices continue to change throughout the trading session, and prices may see further movement by the end of the session.
Silver faced greater pressure than gold on the MCX. By around 9 am, silver prices had declined by approximately ₹2,248 to around ₹2,35,800 per kilogram.
Industrial demand also plays an important role in silver prices. Changes in demand from electronics, solar and other industrial sectors, along with global economic indicators, can affect silver prices.
Retail gold and silver prices also declined. According to the available initial rates, 24-carat gold was trading at around ₹1,55,500 per 10 grams on August 18. The price of 22-carat gold was reported at around ₹1,42,569 per 10 grams, while 18-carat gold was around ₹1,16,648 per 10 grams. The retail price of silver was around ₹2,36,820 per kilogram.
Prices at jewellery stores can differ depending on the city, taxes, making charges and other local fees. MCX futures prices and retail jewellery rates should not be considered equivalent.
