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Commodities

Gold and Silver Prices Climb in India Amid Middle East Tensions

Guavy AI Editorial Team
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Gold and silver prices in India rose on Wednesday, August 26, as investors sought safe-haven assets amid uncertainty in the Middle East. The weaker US dollar and softer crude oil prices also contributed to the increase.

The Multi Commodity Exchange (MCX) reported a 0.13% rise in October gold futures to Rs 1,63,041 per 10 grams. September silver futures gained 0.48% to Rs 2,45,299 per kg.

Despite the decline in crude oil prices, concerns over geopolitical tensions persist. Investors are increasing their exposure to gold and silver as a hedge against market volatility and broader economic risks.

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