Overview

• Indian retail gold climbed to around Rs 1,00,420–1,01,420 per 10 grams on August 14, recovering from a two-day slide, with MCX futures near Rs 1,00,200.
• Traders pointed to softer July US CPI data and dollar weakness as factors boosting expectations of a near-term Federal Reserve rate reduction.
• President Trump’s Truth Social declaration that “Gold will not be tariffed!” and a US Customs proposal on specific bar levies prompted intraday price swings.
• Global spot gold held near $3,365–3,367 per ounce, while silver rose to about Rs 1,13,500–1,15,370 per kilogram driven by safe-haven buying.
• Analysts caution that prices may consolidate without new geopolitical or policy shocks, though long-term forecasts still envisage levels of Rs 2.25–2.5 lakh per 10 grams within five years.