Gold Price Prediction for Tomorrow: MCX Levels and Outlook for 21 August 2026
- August 20, 2026
- Posted by: Kunal Singla
- Category: Predictions
MCX Gold at Rs 1,57,075/10g (+0.32%) on 20 Aug 2026. High: Rs 1,57,396. Low: Rs 1,56,417. Support: Rs 1,56,400 to 1,56,500. Resistance: Rs 1,57,396.
Quick Answer
The gold price prediction for tomorrow, 21 August 2026, is sideways to cautiously bullish above Rs 1,56,400 support. MCX Gold (Sep) rose 0.32% to Rs 1,57,075 per 10 grams on 20 August alongside broader market gains, with Nifty rising 0.64% in the same session. Ankit Jaiswal places support at Rs 1,56,400 to 1,56,500 (near today’s low of Rs 1,56,417) and resistance at Rs 1,57,396 for the gold price prediction for tomorrow. Kunal Singla notes that a hold above Rs 1,56,400 to 1,56,500 keeps the gold price prediction for tomorrow sideways rather than bearish.
The gold price prediction for tomorrow follows a 0.32% gain in MCX Gold on 20 August 2026. The contract opened at Rs 1,57,157, touched a high of Rs 1,57,396, then sold to a low of Rs 1,56,417 before settling at Rs 1,57,075. Ankit Jaiswal, Research Analyst at Univest, notes that gold rose modestly alongside broader markets on 20 August, a pattern suggesting positioning adjustments rather than a fundamental bearish shift in the gold price prediction for tomorrow.
Kunal Singla, Research Analyst at Univest, observes that the gold price prediction for tomorrow is still supported by safe-haven fundamentals: India VIX at 10.82 and the ongoing Iran-Strait of Hormuz situation prevent a sharp decline. The MCX October Gold contract settled at Rs 1,58,298, confirming longer-term demand. This structural support provides a floor for the gold price prediction for tomorrow.
Click Here – Get Free Investment Predictions
Today’s Market Recap: Gold on 20 August 2026
- MCX Gold (Sep): Settled at Rs 1,57,075/10g (+0.32%). Intraday range Rs 1,56,417 to Rs 1,57,396.
- MCX Gold (Oct): Closed at Rs 1,58,298 (-0.42%), confirming demand at longer time frames.
- Equity Context: Nifty rose 0.64%; gold posted modest gains alongside the Nifty recovery, suggesting balanced institutional positioning for the gold price prediction for tomorrow.
Gold Price Prediction for Tomorrow: Technical Analysis
Ankit Jaiswal’s gold price prediction for tomorrow identifies Rs 1,56,400 to 1,56,500 as the first critical support, near today’s low of Rs 1,56,417. A hold above Rs 1,56,400 to 1,56,500 keeps the gold price prediction for tomorrow sideways. A break below targets Rs 1,55,500 in the gold price prediction for tomorrow.
Resistance at Rs 1,57,396 (today’s high) is the first hurdle in the gold price prediction for tomorrow. Kunal Singla notes that a close above Rs 1,57,396 would restore the neutral bias, with Rs 1,58,000 to 1,58,300 as the next target in the gold price prediction for tomorrow. Daily RSI near 48 confirms neutral, not oversold conditions.
Trend for 21 August 2026: Sideways to Cautiously Bullish (above Rs 1,56,400 support)
Support: 1,56,400 to 1,56,500 | 1,55,500
Resistance: 1,57,396 | 1,58,000 to 1,58,300
Global Cues for Gold Price Prediction for Tomorrow
- US Markets (latest available close): Dow Jones at 53,732 (-0.20%), S&P 500 at 7,785 (-0.20%), Nasdaq at 26,729 (-0.30%). Weak retail sales data (-0.6% in July) and subdued University of Michigan consumer sentiment (51, below forecast 55) signal caution.
- Asian Markets: Japan’s Nikkei 225 gained 2.1% to 66,970 on Monday, providing a partially positive cue for Asian risk assets.
- Institutional Flows (latest available, 14 Aug): FII were net buyers of Rs 508 Cr and DII were net buyers of Rs 356 Cr in the cash segment, reflecting continued institutional support for Indian equities.
Key Events for 21 August 2026
- Crude Oil Sep contract now the active reference after Aug expired on 19 Aug; elevated Iran-Hormuz supply risk continues to support oil prices
- MCX commodity options expiry on 24 August adds near-term volatility across all contracts
- Friday (21 August) is the last trading day of the week; end-of-week positioning may add mild volatility to commodity markets
Stocks Linked to Gold Price Prediction for Tomorrow
Gold prices can influence jewellery companies and precious-metal-related businesses. Titan Company is India’s largest jewellery retailer, while Hindustan Zinc and Hindustan Copper have direct exposure to precious and base metal commodity cycles.
| Name | CMP (Rs) | Day Change | Key Level for Tomorrow |
|---|---|---|---|
| Titan Company | 4,080 | -0.20% | Support: 4,050 | Resistance: 4,130 |
| Hindustan Zinc | 565 | -0.50% | Support: 558 | Resistance: 576 |
| Hindustan Copper | 560 | Profit-taking | Support: 545 | Resistance: 575 |
Explore Gold-Linked Stocks on Univest Screener
Trading Strategy for Gold on 20 Aug 2026
- Buy MCX Gold near Rs 1,56,400 to 1,56,500 with stop below Rs 1,55,300 for the gold price prediction for tomorrow
- A break above Rs 1,57,396 targets Rs 1,58,000 to 1,58,300; trail stop to Rs 1,57,000 once the breakout is confirmed in the gold price prediction for tomorrow
- Avoid aggressive shorts: Iran-Hormuz geopolitical risk prevents sharp declines in the gold price prediction for tomorrow
- Watch COMEX gold overnight: a hold above $3,380/oz supports the gold price prediction for tomorrow on MCX
What Does Sentiment Indicate for Gold Price Prediction for Tomorrow?
Sentiment for the gold price prediction for tomorrow is cautiously neutral. The 20 August session saw MCX Gold rise 0.32% alongside equity markets, where Nifty gained 0.64%. Ankit Jaiswal notes this parallel movement suggests risk-on positioning rather than a traditional safe-haven demand shift. Ankit Jaiswal notes that safe-haven drivers (Iran tensions, weak US macro) remain intact for the gold price prediction for tomorrow.
Kunal Singla observes that VIX at 10.82 limits emergency premium in gold. However, the Oct contract at Rs 1,58,298 trades at a premium over the Sep contract, confirming longer-term demand for the gold price outlook for 21 August. As long as MCX Gold holds Rs 1,56,400 to 1,56,500, tomorrow’s MCX gold price forecast stays sideways rather than sharply bearish.
Risks to gold price outlook for 21 August
- A sharp US dollar rally (DXY above 104) overnight would compress MCX gold and worsen the MCX gold price forecast for 21 August
- Global equity recovery could reduce safe-haven buying and keep the MCX gold price forecast for tomorrow under pressure
- MCX options expiry on 28 August (Gold Mini) may drive unusual near-term volatility in the gold price outlook for 21 August
- A rapid Iran-Hormuz resolution would remove the geopolitical premium from the gold price outlook for 21 August
Download the Univest iOS App or Univest Android App to track live MCX gold prices and get expert gold price predictions.
Conclusion
Tomorrow’s MCX gold price forecast, 21 August 2026, is cautiously bearish to sideways. MCX Gold settled at Rs 1,57,075/10g (+0.32%) on 20 August. Ankit Jaiswal’s gold price outlook for 21 August places support at Rs 1,56,400 to 1,56,500 and resistance at Rs 1,57,396. Kunal Singla notes the Oct contract at Rs 1,58,298 provides medium-term demand support.
Traders should monitor overnight COMEX gold and use defined stop-losses in the gold price outlook for 21 August. Download the Univest app for live MCX gold updates and expert research.
Disclaimer: Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice. Univest Research Analyst Registration No. INH000013776.
Frequently Asked Questions
What is the MCX gold price forecast for tomorrow, 21 August 2026?
Ans. The gold price’s 21 August outlook is cautiously bearish to sideways. MCX Gold closed at Rs 1,57,075/10g (+0.32%) on 20 August. Support at Rs 1,56,400 to 1,56,500, resistance at Rs 1,57,396. Ankit Jaiswal notes the gold price outlook for 21 August stays sideways above Rs 1,56,400 to 1,56,500.
What are MCX gold support levels for 21 August 2026?
Ans. Tomorrow’s MCX gold price forecast places immediate support at Rs 1,56,400 to 1,56,500 (near today’s low Rs 1,56,417) and strong support at Rs 1,55,500. Resistance is at Rs 1,57,396 and Rs 1,58,000 to 1,58,300.
Why did MCX gold rise on 20 August 2026?
Ans. MCX Gold gained 0.32% on 20 August as the contract traded between Rs 1,56,417 (low) and Rs 1,57,396 (high). The session reflected modest appreciation alongside a broader equity recovery where Nifty rose 0.64%. Ankit Jaiswal notes the move reflects positioning rather than a fundamental directional catalyst in gold price outlook for 21 August.
How does VIX affect the gold price outlook for 21 August?
Ans. India VIX at 10.82 signals measured equity selling. Kunal Singla notes this limits emergency safe-haven buying but doesn’t remove structural demand, keeping the MCX gold price forecast for tomorrow sideways rather than bearish.
What is the gold trading strategy for 21 August 2026?
Ans. For the gold price outlook for 21 August, Ankit Jaiswal recommends buying near Rs 1,56,400 to 1,56,500 with stop below Rs 1,55,300. Kunal Singla advises chasing a break above Rs 1,57,396 targeting Rs 1,58,000 to 1,58,300.
