Gold Rate In India Crash Rs 19,100 In 24K/100 Grams In 4 Days: Will 24K, 22K, 18K Gold Prices Continue to Fall

Gold rates in India dropped for the second consecutive day this week; however, prices have been down since August 9th. In the past four days, gold prices have crashed by Rs 19,100 in 100 grams and by Rs 1,910 in 10 grams of 24 carat. Currently, 24-carat and 22-carat gold rates are under the Rs 1,02,000 and Rs 93,000 mark. The bearish bias is likely to continue on August 13.

In simple terms, gold rates are expected to consolidate after their record rally last week.

Gold Rates In India:

100 grams of gold price in 24 carat plunged by a whopping Rs 8,800 on August 12, followed by a decline of Rs 7,600 on August 11. Gold rates were unchanged on August 10, but tumbled by Rs 2,700 on August 9.

Cumulatively, gold prices dropped by Rs 19,100 in 100 grams of 24 carat. Meanwhile, 10 grams of gold plummeted by Rs 1,910.

At present, 10 grams gold rates stood at Rs 1,01,400 in 24 carat, at Rs 92,950 in 22 carat, and at Rs 76,050 in 18 carat.

Also, 100 grams gold prices are at Rs 10,14,000 in 24 carat, at Rs 9,29,500 in 22 carat, and at Rs 7,60,500 in 18 carat.

MCX Gold Price + MCX Silver Price:

MCX gold price with October 2025 expiry, stood at Rs 1,00,152 per 10 grams, down by Rs 5. On the contrary, MCX silver with September 2025 expiry, was mildly up by Re to Rs 1,13,949 per 1kg.

Gold Price Outlook On August 13:

"The market remains cautious, with dollar strength keeping gains capped, while rupee movement will guide the domestic trend. Any surprise in CPI could trigger sharp volatility, with a softer reading supporting a rebound in gold and a stronger print adding pressure," said Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

He added that gold is expected to trade in the range of Rs 99,800- Rs 1,01,200 on MCX and $3,340-$3,375 on Comex.

Furthermore, Prithviraj Kothari, Managing Director of RiddiSiddhi Bullions Limited (RSBL) explained that President Donald Trump's announcement on Monday that gold will not be subject to tariffs allayed concerns about a dramatic rise in the price of importing the metal, causing prices to drop below $3400. According to a previous US Customs rule, imported 1-kilogram and 100-ounce gold bars from Switzerland would have been subject to a 39% tariff, which would have also applied to bars from any other nation under the current US tariff rates.

Separately, the president issued an executive order that gives the US a further ninety days to lift its high tariffs on Chinese imports. For hints on the Federal Reserve's interest rate trajectory, investors are now turning their attention to this week's major US economic data releases, such as the CPI, PPI, and retail sales, as per Kothari.

That being said, Kothari added, "After achieving the target of $3500 (~Rs 102,000), gold prices have retraced below $3400(~Rs 100,200) level. Prices are expected to consolidate for a while with a bearish bias towards $3350 (~Rs 98500)."

Spot Gold Price + Spot Silver Price

Spot gold stood around $3,350 per ounce as traders digested the latest US CPI report, which reinforced expectations that the Federal Reserve will cut the fed funds rate next month. While spot silver prices were at $37.7 per ounce on Tuesday, extending the strong momentum since the start of the year amid signs of robust industrial demand and the outlook of rate cuts by the Federal Reserve, according to Trading Economics.

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