Gold & Silver Rates Today (19/08/2026) LIVE: Rebound In Metals! MCX Gold Jumps Rs 2,400, Silver Up Rs 2,000

Gold rates and silver rates in India started the evening session on August 19 with blockbuster rally. MCX gold price skyrocketed in the evening session to reclaim above Rs 1.56 lakh per 10 grams mark. At the time of writing, MCX gold traded at Rs 1,56,626, registering an upside of a whopping Rs 2,364 or 1.53%. MCX silver which was worst performer in day-time session of August 19, witnessed strong buying in the evening session that began around 5:30 pm of Wednesday and will continue till midnight. At the time of writing, MCX silver soared by Rs 1,981 or 1% to trade around Rs 2,34,400 per 1Kg.

Rising treasury yields and elevated crude oil prices have impacted precious metals. The 30-year Treasury Yield in the USA is at 19-year high, while sovereign yields have surged to multi-decade highs. Meanwhile, US WTI crude and Brent Crude extended their gains to trade around 485.5 per barrel and $91.5 per barrel.

The precious metal also faced pressure from rising oil prices as the US and Iran showed little indication of reaching an agreement to end the conflict and reopen the Strait of Hormuz in the near term. President Donald Trump said there were no ongoing talks with Tehran, while Iranian forces have intensified attacks on shipping in the Strait of Hormuz. Investors now await minutes from the Federal Reserve's July meeting and remarks from Chairman Kevin Warsh at the annual Jackson Hole symposium for fresh clues on the monetary policy outlook, as per Trading Economics.

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