Gold Prices SKYROCKET in August: 24K Hits Record Highs, Silver Outperforms

G GOWTHAM
August 2025 ended with a spectacular surge in precious metal prices across India. gold and silver touched all-time highs, fueled by global uncertainty, expectations of US Federal Reserve rate cuts, and strong industrial demand.


1. gold Soars by Rs 51,300 in 24K per 100 Grams

  • 24K Gold: From Rs 9,98,200 to Rs 10,49,500 per 100 grams
  • 10 grams: Increased by Rs 5,130, reaching Rs 1,04,950
  • 22K Gold: Rs 9,62,000 per 100 grams
  • 18K Gold: Rs 7,87,100 per 100 grams
  • Overall, gold surged more than 5% across carats in August.
This record rise highlights growing investor appetite for the yellow metal amid geopolitical and economic uncertainty.


2. silver Outperforms gold with 7% Monthly Gain

  • Silver Price (1 Kg): Rs 1,21,000 as of august 31
  • Silver outpaced gold with a 7.03% increase in August.
  • On MCX, september 2025 silver contracts peaked at Rs 1,20,900 per kg before correcting slightly to Rs 1,20,250.
Industrial demand and safe-haven flows contributed to silver’s impressive performance.


3. MCX & Spot Trends

  • MCX gold (Oct 2025): Rs 1,03,780 per 10 grams after touching Rs 1,04,090
  • Spot Gold: Climbed to $3,445 per ounce, nearing April’s record of $3,500
  • Spot Silver: Surged past $39.5 per ounce, the highest since september 2011
Investors continue to treat precious metals as a hedge amid US monetary policy uncertainty and global economic concerns.


4. Factors Driving the Surge

  • Softer US Dollar: Boosted safe-haven demand
  • Fed Rate Cut Expectations: Fed governor Christopher Waller signaled possible easing starting September
  • Political Uncertainty: Lawsuits and challenges surrounding Fed independence added caution
  • Economic Data: Cooling labor market and jobless claims supported dovish Fed bets
These factors combined to provide a solid floor for bullion prices and sustained investor interest.


5. gold & silver Outlook: Sept 1–7, 2025

  • MCX Gold: Expected range Rs 98,500 – Rs 1,04,000 per 10 grams
  • MCX Silver: Likely to trade between Rs 1,10,000 – Rs 1,21,000 per kg
  • Comex Gold: Faces resistance at $3,580 and support around $3,300
  • Comex Silver: Expected trading range $36.90 – $41.00 per ounce
Analysts predict bullish momentum for gold, potentially marking its best performance since april 2025, with silver following closely.


6. Takeaway for Investors

  • Precious metals continue to serve as safe-haven assets amid global uncertainty.
  • Short-term volatility is expected, but dovish Fed expectations and political instability provide support.
  • Investors are advised to monitor MCX and spot market trends while planning bullion purchases.

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