Big Fall Gold and Silver Prices: Gold and silver prices plunged sharply after the White House signaled it may clarify its stance on gold import tariffs. COMEX gold futures fell more than $70, nearing $3,400 per ounce, while silver slipped below $38. In the spot market, gold dropped 1% to $3,360. In India, MCX gold also fell by over Rs 1,000, approaching the Rs 1 lakh mark, and MCX silver declined by Rs 1,300 to Rs 1,13,600 per kg.
This week, the focus will be on the August 15 meeting between U.S. President Donald Trump and Russian President Vladimir Putin, as well as U.S. inflation data. Indian markets will remain closed on Friday for Independence Day. Check here 11 Big Expert View on Gold and Silver Prices
- Manoj Kumar Jain – Prithvi Finmart
Gold crossed its resistance level of $3,454 per troy ounce and, if sustained, could rise towards $3,509–$3,540 in the coming sessions. Silver has also crossed its $38.10 resistance and could move towards $39.40–$40.00.
He expects gold to trade in the range of $3,410–$3,540 and silver between $36.80–$40.00 this week.
MCX View: Gold support at Rs 1,01,000–1,00,475 and resistance at Rs 1,02,200–1,03,500. Silver support at Rs 1,13,400–1,12,750 and resistance at Rs 1,15,500–1,16,650.
2. Renisha Chainani – Augmont
Gold may continue profit booking down to $3,400 (~Rs 1,00,400) and $3,340 (~Rs 98,500) this week, as positive triggers seem priced in. Silver could correct to $37.7 (~Rs 1,12,500).
3. Jatin Trivedi – LKP Securities
Gold likely to trade between Rs 99,500–1,03,000; silver between Rs 1,12,000–1,16,500.
4. Bhupesh Sharma – L&P Services
Silver expected between Rs 1,17,500 and Rs 1,12,500; gold between Rs 1,02,700 and Rs 1,00,900.
5. Jigar Pandit – Mirae Asset Sharekhan
Weaker U.S. data, trade frictions, ETF inflows, and a weaker dollar could support gold. Strong resistance is at $3,420, with $3,450 as the next target. Support lies at $3,350/$3,290.
6. Sugandha Sachdeva – SS Wealthstreet
Gold trend remains constructive; resistance at $3,440 and support at $3,280. Price movement to be influenced by tariff news and U.S. CPI data.
7. Anuj Gupta – Bullion Market Expert
Gold support at $3,360 and $3,320 (Rs 1,00,000 / Rs 99,200) and resistance at $3,420 and $3,460 (Rs 1,02,800 / Rs 1,04,000). Buy on dips recommended. Silver support at $36 and $35 (Rs 1,12,000 / Rs 1,09,000) and resistance at $49 and $42 (Rs 1,16,000 / Rs 1,19,000).
8. Vandana Bharti – SMC Global
On COMEX, gold briefly moved above its all-time high of $3,510 before retreating. Sustaining above could push it to $3,580–$3,620, with support at $3,380. Silver expected between $36 and $41.50. MCX gold may trade between Rs 99,000 and Rs 1,03,800; silver between Rs 1,09,000 and Rs 1,18,000.
9. Surendra Mehta – National Secretary, IBJA
Gold Spot: $3,333–$3,456 / Gold INR: Rs 99,650–1,03,350
Silver Spot: $37.75–$39.14 / Silver INR: Rs 1,12,700–1,16,900
10. Pranav Mer – JM Financial
Gold momentum positive; supports at Rs 99,900 and Rs 97,200, upside potential Rs 1,07,500 and Rs 1,12,000. Silver supports at Rs 1,12,000 and Rs 1,10,500, upside Rs 1,20,000 and Rs 1,25,000.
11. Kedia Commodity View
Gold support at Rs 1,01,360, break below targets Rs 1,00,925; resistance at Rs 1,02,240, move above targets Rs 1,02,685. Silver support at Rs 1,14,345, possible drop to Rs 1,13,805; resistance at Rs 1,15,650, breakout could test Rs 1,16,415.
Major Global Economic & Political Events of the Week
United States (USA)
- Tuesday, August 12, 2025
- 06:00 PM – Core Inflation Rate MoM (July)
- 06:00 PM – Core Inflation Rate YoY (July)
- 06:00 PM – Inflation Rate MoM (July)
- 06:00 PM – Consumer Price Index (CPI) July
- 07:30 PM – Fed Barkin Speech
- Wednesday, August 13, 2025
- 10:30 PM – Fed Goolsbee Speech
- 11:00 PM – Fed Bostic Speech
- Thursday, August 14, 2025
- 06:00 PM – Producer Price Index (PPI) MoM (July)
- 06:00 PM – Core PPI MoM (July)
- 06:00 PM – Initial Jobless Claims (Week ending August 9)
- Friday, August 15, 2025
- Trump–Putin Meeting
- 06:00 PM – Retail Sales MoM (July)
- 06:45 PM – Industrial Production MoM (July)
- 07:30 PM – Michigan Consumer Sentiment (Preliminary) August
United Kingdom (UK) – Thursday, August 14, 2025
- 11:30 AM – GDP Growth Rate QoQ (Preliminary) Q2
- 11:30 AM – Industrial Production MoM (June)
Euro Area – Thursday, August 14, 2025
- 02:30 PM – GDP Growth Rate QoQ (Second Estimate) Q2
- 02:30 PM – Industrial Production MoM (June)
China – Friday, August 15, 2025
- 07:30 AM – Industrial Production YoY (July)
- 07:30 AM – Unemployment Rate (July)
Japan – Friday, August 15, 2025
- 05:20 AM – GDP Growth Rate QoQ (Preliminary) Q2
- 05:20 AM – GDP Growth Annualized (Preliminary) Q2
- 10:00 AM – Industrial Production MoM (Final) June
India
- August 15 – MCX & Stock Market Holiday (Independence Day)
Other Key Events
- Trump’s tariff statements
- Russia–Ukraine developments
- Israel–Gaza tensions
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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here
