Skip to content
Guavy Logo GUAVY
Sign up
Back to Guavy Wire
Commodities

Gold Prices Soar as Demand Surges Amid Fresh Market Positions

Guavy AI Editorial Team
Instruments
Gold Silver
Share

Gold and silver prices rose on August 24 due to firm demand in the spot market. Analysts attributed this increase to the creation of fresh positions by market participants, supported by strong demand.

The price of gold contracts for October delivery on the Multi Commodity Exchange (MCX) increased by Rs 1,283, or 0.79%, to Rs 1,63,721 per 10 grams.

In overseas markets, gold futures also advanced, rising 0.99% to $4,648.78 per ounce in New York.

More on Commodities

Commodities just now

Indian Jewellers Launch Cash-for-Gold Schemes Amid Volatile Demand

Commodities just now

India Lifts Ban on Wheat Exports for Certain Types

Commodities just now

India Lifts Ban on Exporting Wheat Flour and Other Products

Disclaimer: Guavy is a data and market intelligence provider, not an investment adviser. The information, signals, and market analysis provided by the Guavy API and related services are for informational purposes only and are not intended as financial advice, investment recommendations, or an endorsement of any particular trading strategy. Trading in volatile markets, including cryptocurrency, carries significant risk and may not be suitable for all investors. Past performance is not indicative of future results. Users should consult with a qualified financial professional before making any investment decisions. Guavy makes no guarantee of trading profits or financial returns.

Guavy Logo GUAVY

Market sentiment intelligence for apps, funds & agents

Location

729 55 Ave SW
Calgary AB T2V 0G4
Canada

Navigate

Markets

Resources

© 2026 Guavy Inc

Terms Privacy Policy