Gold Rates & Silver Rates Today (14/08/2026) LIVE: MCX Gold Falls Below Rs 1.53 Lakh, Silver Crashes Rs 2,100

Gold rates and silver rates in India dropped sharply on August 14, with MCX gold price erasing its Rs 1.53 lakh mark and MCX silver crashing below Rs 2.32 lakh mark. This is due to selling pressure in global bullion market as spot gold crashes below $4,330 per ounce and spot silver is struggling below $65 per ounce.

Investors are booking profits as they assess inflation data to gauge US Federal Reserve's policy outlook and watch the development in West Asia.

Data released Thursday showed US core producer prices increased less than expected in July, offering further evidence that inflationary pressures are not broadly intensifying following Wednesday's subdued CPI report. The softer price data reduces pressure on the Fed to raise interest rates in the near term, with markets now pricing in around a 35% chance of a 25 basis point rate hike in September, down from 55% a week earlier. Meanwhile, diplomatic efforts to reopen the Strait of Hormuz remain deadlocked, keeping investors cautious over the risk of an escalation that could drive energy prices higher and reignite inflationary pressures, as per Trading Economics.

Crude oil prices are back on the rising tone. US WTI crude and Brent Crude have risen by nearly 1% each to trade around $82 per barrel and $88 per barrel. Meanwhile, the US dollar continues to be steady and near 100 mark. {live-blog}