{"id":216091,"date":"2026-08-21T17:01:15","date_gmt":"2026-08-21T11:31:15","guid":{"rendered":"https:\/\/univest.in\/blogs-2\/?p=216091"},"modified":"2026-08-21T17:01:18","modified_gmt":"2026-08-21T11:31:18","slug":"gold-price-prediction-for-monday-24-august-2026-2","status":"publish","type":"post","link":"https:\/\/univest.in\/blogs-2\/gold-price-prediction-for-monday-24-august-2026-2\/","title":{"rendered":"Gold Price Prediction for Monday: Historic Rs 1,60,000 Breach Points Bullish for 24 August 2026"},"content":{"rendered":"
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MCX Gold (Sep) at Rs 1,59,991\/10g (+1.24%) on 21 Aug 2026. High: Rs 1,60,555. Low: Rs 1,58,277. First-ever weekly close above Rs 1,60,000. Support: Rs 1,59,500. Resistance: Rs 1,60,555.<\/em><\/p>\n

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Quick Answer<\/strong><\/p>\n

The gold price prediction for Monday, 24 August 2026, is sideways to bullish after MCX Gold made history on Friday 21 August by closing at Rs 1,59,991\/10g \u2014 the first definitive weekly close above the Rs 1,60,000 landmark. Ankit Jaiswal places support at Rs 1,59,500 for the gold price prediction for Monday. Kunal Singla notes that Rs 1,60,000 has now transitioned from resistance to support.<\/p>\n<\/div>\n

The gold price prediction for Monday follows a landmark Friday session for MCX Gold. The September contract opened at Rs 1,58,400, reached an intraday high of Rs 1,60,555 \u2014 breaching Rs 1,60,000 intraday \u2014 and settled at Rs 1,59,991, closing above Rs 1,60,000 for the first time ever. Ankit Jaiswal, Research Analyst at Univest, notes that the gold price prediction for Monday is uniquely strong because this was a closing breach, not just an intraday touch. Closing above a major psychological level on a Friday session signals institutional acceptance of the new price range.<\/p>\n

Kunal Singla, Research Analyst at Univest, observes that the gold price prediction for Monday is supported by multiple converging factors: India VIX rising to 11.20 (+4.09%) adds mild equity uncertainty that benefits safe-haven gold; the Iran-Strait of Hormuz geopolitical premium remains intact; and MCX Gold options data from Friday shows heavy call OI at Rs 1,65,000, suggesting institutional participants are positioning for a continued rally beyond the current level in the gold price prediction for Monday.<\/p>\n

Click Here – Get Free Investment Predictions<\/strong><\/a><\/p>\n

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