Gold price today, Aug. 21 -- Gold rates declined in early deals on Thursday, August 21, in the domestic futures market on tepid spot demand, a firm dollar, and caution ahead of US Fed Chair Jerome Powell's speech in Jackson Hole on Friday morning. MCX Gold October 3 contracts were 0.15 per cent down at Rs.99,157 per 10 grams around 9:10 AM. On the other hand, MCX Silver September 5 contracts were 0.19 per cent up at Rs.1,12,764 per kg at that time.

The minutes of the July FOMC (Federal Open Market Committee) meeting showed that policymakers remain focused on the risk of inflation stemming from US President Donald Trump's unpredictable tariff policies.

The focus is now on Jerome Powell's speech at Jackson Hole on Friday morning for clues...