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Forex

Gold and Silver Rise on MCX Despite International Easing

Guavy AI Editorial Team
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USD
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MCX gold futures rose to ₹1.52 lakh per 10 grams on August 10, while silver futures gained 1.14% to ₹2.34 lakh per kg.

The domestic prices moved higher despite international bullion prices easing after a strong recent rally.

Investors are now watching US inflation data for clues on the Federal Reserve's interest-rate path.

Darshan Desai, CEO of Aspect Bullion & Refinery, said gold remains well supported and is viewed as a store of value amid economic and geopolitical uncertainty.

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