Gold and Silver Prices Climb on August 14 Amid Fed Rate Cut Hopes
Latest trends and updates on gold prices in the market.
Gold Prices Rise for Third Day in a Row
Gold prices extended their upward momentum for the third consecutive session on Wednesday, August 14, supported by growing optimism over potential interest rate cuts from the US Federal Reserve. The positive sentiment followed recent remarks by Treasury Secretary Scott Bessent, who urged the Fed to ease policy to support economic growth.
On the Multi Commodity Exchange (MCX), gold October 3 contracts edged up by 0.08% to ₹1,00,263 per 10 grams as of 9:40 am.
According to the Indian Bullion and Jewellers Association (IBJA), the spot price for 24-carat gold stood at ₹1,00,430 per 10 grams, while 22-carat gold was priced at ₹92,062 per 10 grams.
City-Wise Gold Prices (August 14)
| City | 24-Carat Price (₹/10g) |
|---|---|
| Mumbai | 1,00,160 |
| New Delhi | 1,00,080 |
| Kolkata | 1,00,120 |
| Bengaluru | 1,00,330 |
| Hyderabad | 1,00,410 |
| Chennai | 1,00,530 |
Gold’s Long-Term Performance
Gold has delivered remarkable returns over the past two decades, surging from ₹7,638 in 2005 to over ₹1,00,000 in 2025 — a gain of around 1,200%.
Key performance highlights:
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Positive annual returns in 16 out of the last 20 years.
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Year-to-date (YTD) gain of 31%, making it one of the best-performing assets in 2025.
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Strong reputation as a hedge against inflation and market volatility.
Read more about gold’s role in global markets — World Bank.
Silver Prices Maintain Strength Above ₹1 Lakh/kg
Silver prices also posted modest gains on Wednesday. On the MCX, September 5 contracts climbed 0.16% to ₹1,15,210 per kg as of 9:40 am.
The IBJA quoted the spot price for Silver 999 Fine at ₹1,15,660 per kg.
City-Wise Silver Prices (August 14)
| City | Price (₹/kg) |
|---|---|
| Mumbai | 1,15,470 |
| New Delhi | 1,15,270 |
| Kolkata | 1,14,300 |
| Bengaluru | 1,15,560 |
| Hyderabad | 1,15,650 |
| Chennai | 1,15,780 |
Silver’s Two-Decade Performance
Silver has shown resilience in the commodities market, consistently staying above ₹1 lakh per kg in recent months. Over the 2005–2025 period, its price has jumped by 668.84%, supported by industrial demand and its safe-haven appeal.
What Buyers Should Know
The prices quoted above reflect bullion rates and not retail jewellery prices. Consumers purchasing gold or silver jewellery should account for:
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Making charges (varying by design and jeweller)
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Goods and Services Tax (GST)
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Any additional local levies
These factors can significantly increase the final retail price.
Economic Outlook
The current rally in precious metals is tied closely to global monetary policy expectations. If the US Federal Reserve moves toward rate cuts later this year, it could further boost demand for non-yielding assets like gold and silver.
Given their historic performance and safe-haven appeal, analysts expect both metals to remain in demand, particularly during periods of currency fluctuation and market uncertainty.
See the latest commodity price updates — Reuters.
Conclusion:
Gold and silver prices on August 14 reflected a blend of global economic sentiment and strong domestic demand. With gold trading above ₹1,00,000 per 10 grams and silver above ₹1,15,000 per kg, both metals continue to be key investment assets for Indian households and global investors alike.
