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Commodities

India's Festive Season Boosts Gold, Silver Prices by Over 1%

Guavy AI Editorial Team
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Gold Silver
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Gold and silver prices rose sharply on August 10 in India, driven by increased buying ahead of the festive season and positive signals from global markets.

The MCX gold futures for October delivery rose as much as 0.76% to reach an intraday high of Rs 1,52,982, while silver futures climbed 1.62% to hit an intraday high of Rs 2,35,221.

Market experts attributed the increase in jewellery and investment demand ahead of the festive season, combined with firm international market trends, as providing support to domestic gold and silver prices.

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