Gold Price Prediction for Tomorrow: MCX Levels and Outlook for Monday 24 August 2026

The gold price prediction for Monday follows a +1.24% decline in MCX Gold on 21 August 2026. The contract opened at Rs 1,58,400, touched a high of Rs 1,60,555, then sold to a low of Rs 1,58,277 before settling at Rs 1,59,991. Ankit Jaiswal, Research Analyst at Univest, notes that gold and equities declined together on 21 August, a pattern suggesting positioning adjustments rather than a fundamental bearish shift in the gold price prediction for Monday.

Kunal Singla, Research Analyst at Univest, observes that the gold price prediction for Monday is still supported by safe-haven fundamentals: India VIX at 11.20 and the ongoing Iran-Strait of Hormuz situation prevent a sharp decline. The MCX October Gold contract settled at Rs 1,55,282, confirming longer-term demand. This structural support provides a floor for the gold price prediction for Monday.

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Today's Market Recap: Gold on 21 August 2026

• MCX Gold (Sep): Settled at Rs 1,59,991/10g (+1.24%). Intraday range Rs 1,58,277 to Rs 1,60,555.
• MCX Gold (Oct): Closed at Rs 1,55,282 (-0.42%), confirming demand at longer time frames.
• Equity Context: Nifty fell +0.08%; gold failed to benefit from equity weakness, suggesting balanced institutional positioning for the gold price prediction for Monday.

Gold Price Prediction for Monday: Technical Analysis

Ankit Jaiswal's gold price prediction for Monday identifies Rs 1,53,600 as the first critical support, near today's low of Rs 1,58,277. A hold above Rs 1,53,600 keeps the gold price prediction for Monday sideways. A break below targets Rs 1,52,500 in the gold price prediction for Monday.

Resistance at Rs 1,60,555 (today's high) is the first hurdle in the gold price prediction for Monday. Kunal Singla notes that a close above Rs 1,60,555 would restore the neutral bias, with Rs 1,55,000 as the next target in the gold price prediction for Monday. Daily RSI near 48 confirms neutral, not oversold conditions.

Trend for 24 August 2026 (Monday): Sideways to Bearish
Support: 1,53,600 | 1,52,500
Resistance: 1,60,555 | 1,55,000

Global Cues for Gold Price Prediction for Monday

• US Markets (14 Aug 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 (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 24 August 2026 (Monday)

• MCX Silver Mini 24 Aug options expire on Monday 24 August — Silver traders must roll to September contracts before market open on Monday
• MCX Copper and Natural Gas 24 Aug options also expire on Monday 24 August — significant rollover activity expected across base metals
• US EIA natural gas storage report (weekly) remains the primary fundamental driver for natural gas price predictions for Monday
• Weekend geopolitical developments (Iran-Strait of Hormuz) and global commodity sentiment will shape the Monday 24 August commodity market opening

Stocks Linked to Gold Price Prediction for Monday

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 Monday 24 August 2026

• Buy MCX Gold near Rs 1,53,600 with stop below Rs 1,52,800 for the gold price prediction for Monday
• A break above Rs 1,60,555 targets Rs 1,55,000; trail stop at Rs 1,53,700 in the gold price prediction for Monday
• Avoid aggressive shorts: Iran-Hormuz geopolitical risk prevents sharp declines in the gold price prediction for Monday
• Watch COMEX gold overnight: a hold above $3,380/oz supports the gold price prediction for Monday on MCX

What Does Sentiment Indicate for Gold Price Prediction for Monday?

Sentiment for the gold price prediction for Monday is cautiously neutral. The 18 August session saw gold decline with equities, suggesting short-term positioning rather than a fundamental change. Ankit Jaiswal notes that safe-haven drivers (Iran tensions, weak US macro) remain intact for the gold price prediction for Monday.

Kunal Singla observes that VIX at 11.20 limits emergency premium in gold. However, the Oct contract at Rs 1,55,282 confirms institutional demand at higher levels, providing a structural floor for the gold price prediction for Monday. As long as MCX Gold holds Rs 1,53,600, the gold price prediction for Monday stays sideways rather than sharply bearish.

Risks to Gold Price Prediction for Monday

• A sharp US dollar rally (DXY above 104) overnight would compress MCX gold and worsen the gold price prediction for Monday
• Global equity recovery could reduce safe-haven buying and keep the gold price prediction for Monday under pressure
• MCX options expiry on 28 August (Gold Mini) may drive unusual near-term volatility in the gold price prediction for Monday
• A rapid Iran-Hormuz resolution would remove the geopolitical premium from the gold price prediction for Monday

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Conclusion

The gold price prediction for Monday, Monday 24 August 2026, is cautiously bearish to sideways. MCX Gold settled at Rs 1,59,991/10g (+1.24%) on 21 August. Ankit Jaiswal's the gold price outlook for 21 August places support at Rs 1,53,600 and resistance at Rs 1,60,555. Kunal Singla notes the Oct contract at Rs 1,55,282 provides medium-term demand support.

Traders should monitor overnight COMEX gold and use defined stop-losses in the Monday's MCX gold price forecast. 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 Wednesday's gold price outlook, Monday 24 August 2026?

Ans. the 21 August gold price outlook is cautiously bearish to sideways. MCX Gold closed at Rs 1,59,991/10g (+1.24%) on 21 August. Support at Rs 1,53,600, resistance at Rs 1,60,555. Ankit Jaiswal notes the MCX gold price forecast for Monday stays sideways above Rs 1,53,600.

What are MCX gold support levels for Monday 24 August 2026?

Ans. The gold price's 21 August outlook places immediate support at Rs 1,53,600 (near today's low Rs 1,58,277) and strong support at Rs 1,52,500. Resistance is at Rs 1,60,555 and Rs 1,55,000.

Why did MCX gold fall on 21 August 2026?

Ans. MCX Gold fell +1.24% on 18 August as profit-taking coincided with broader market weakness. Ankit Jaiswal notes this is a positioning adjustment rather than a fundamental bearish reversal in the gold price outlook for 21 August.

How does VIX affect the Monday's MCX gold price forecast?

Ans. India VIX at 11.20 signals measured equity selling. Kunal Singla notes this limits emergency safe-haven buying but doesn't remove structural demand, keeping the Wednesday's gold price outlook sideways rather than bearish.

What is the gold trading strategy for Monday 24 August 2026?

Ans. For the 21 August gold price outlook, Ankit Jaiswal recommends buying near Rs 1,53,600 with stop below Rs 1,52,800. Kunal Singla advises chasing a break above Rs 1,60,555 targeting Rs 1,55,000.