Gold and silver futures on the MCX reversed early gains to trade lower on August 13. While global prices remain supported by investment demand, market caution over US economic data and currency strength has triggered profit-booking.
Precious metals futures on the Multi Commodity Exchange (MCX) experienced a volatile session on Thursday, August 13, 2026, as early gains were wiped out by the close. Gold futures for October delivery initially opened higher at ₹1,55,071 per 10 grams, reflecting a positive start to the trading day. However, sentiment shifted as the session progressed, pushing the price down to ₹1,54,712, a decline of ₹170 from the previous close.
Silver futures followed a similar path, struggling to maintain their morning momentum. The September delivery contract opened at ₹2,38,000 per kg but eventually fell to ₹2,36,825, recording a decrease of ₹1,010. This intraday reversal highlights a cautious mood among traders who are balancing physical demand against broader macroeconomic signals.
Investors are currently assessing the impact of US economic indicators on commodity prices. While US consumer inflation data for July showed a cooling trend at 3.4%—which typically supports gold prices—the market is also sensitive to the strength of the US dollar and bond yields. When the dollar or bond yields rise, precious metals often face downward pressure, as they become less attractive compared to interest-bearing assets.
Globally, Comex gold prices hovered near $4,465 per ounce, staying afloat despite the intraday softness. The market is now waiting for upcoming US producer inflation data, which will provide further clues on the Federal Reserve’s future monetary policy decisions.
For investors, the recent price movement serves as a reminder of the inherent volatility in commodity trading. The decline on Thursday appears to be driven by profit-booking after previous rallies, alongside uncertainty regarding how interest rates will evolve in the coming months.
Looking ahead, market participants are expected to monitor US producer inflation reports and changes in currency dynamics. These factors will likely influence short-term price swings. Continued central bank buying and sustained investment demand remain the primary supporting factors for gold in the global market, though domestic prices will continue to react to currency fluctuations and international price trends.