Gold Market
Summaries produced by the GoldRate.info market desk from primary reporting, with sources linked on every article.
Major gold miners just reported their second-best quarterly results ever, despite gold falling 14.1% in Q2. Near-record profits and a parallel selloff in gold stocks pushed sector valuations to decade lows.
Gold and silver prices were largely stable in India on August 16, 2026, with spot gold near ₹1,45,165 per 10 gram and silver around ₹2,23,800 per kg. MCX futures edged higher.
Gold is quoted in troy ounces, a unit of weight with origins in medieval France, not the same as the ounce used for everyday goods.
The LBMA Gold Price auction is a twice-daily benchmark-setting process, distinct from the continuously fluctuating spot price of gold.
Gold prices edged higher in early Asian trading on Monday, supported by a softer dollar and diminished expectations of a US interest rate hike in September.
Gold moved toward $4,400 an ounce after weaker US consumer sentiment and retail sales figures lowered the perceived risk of immediate Federal Reserve interest rate hikes.
Gold advanced to $4,397 an ounce on Friday, heading for a 9% monthly rise as softer US inflation figures reduced the likelihood of a September Federal Reserve rate increase.
Gold prices stabilised after an early pullback on Friday, supported by cooling US inflation numbers that reduced expectations of an imminent interest rate increase.
Retail gold in India has risen from ₹89 per 10 grams at independence in 1947 to ₹1,54,500 per 10 grams, reflecting decades of economic shifts.