Gold rate today: Futures rise slightly on MCX; check the latest rates in your city on August 14

Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,00,297 per 10 grams today, higher than yesterday's closing price of Rs 1,00,185 per 10 grams.

Gold prices rebounded on August 14. Gold's October contracts on the Multi Commodity Exchange of India (MCX) opened at Rs 1,00,297 per 10 grams today, higher than yesterday's closing price of Rs 1,00,185 per 10 grams.

Let's check the latest prices of 10 grams of 22 carat and 24 carat gold in major cities of the country on August 14:

"Spot gold rose marginally on Wednesday, settling above $3,355 per ounce, marking a second day of advances amid a weaker US dollar and growing expectations of interest rate cuts. The dollar fell to a two-week low, while US 10-year Treasury yields edged lower. CME FedWatch shows a 94% probability of a September rate cut following mild July inflation data, limited tariff pass-through, and earlier weak jobs data, with another cut expected by year-end. Geopolitical tensions in Ukraine and the Middle East, alongside ongoing US tariff risks, continue to underpin safe-haven demand. Today, gold extends gains to trade above $3,365 ahead of US PPI and jobless claims data. However, optimism over trade, as Washington and Beijing extended their tariff truce by 90 days, and upcoming talks between US, European, Ukrainian, and Russian leaders, could temper further upside," said Kaynat Chainwala, AVP Commodity Research, Kotak Securities.

Also read: Gold gains as soft US data pressures dollar, fuels rate-cut bets

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