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On Friday, August 21, 2026, gold and silver prices rose for the third consecutive trading session. In the last three trading sessions, the price of gold has increased by about ₹ 6,400 per 10 grams, while the price of silver has increased by about ₹ 14,000 per kilogram. Amidst the weak US dollar and falling US bond yields, investors are getting attracted towards precious metals.

Commodities priced in dollars like gold and silver benefit from the weakness of the dollar in the global market. Due to weakening of dollar, buying of these metals becomes relatively cheaper for investors in other currencies. Apart from this, changes in American treasury yields have also supported the demand for gold.

Gold and silver rose on Multi Commodity Exchange (MCX) on Friday. According to available market data, gold futures for October 2026 delivery increased by about ₹ 1,205 and the price reached ₹ 1,60,630 per 10 grams. Silver for delivery in September 2026 increased by about ₹ 2,986 and the price reached the level of ₹ 2,46,229 per kilogram.

In three trading sessions, the price of silver has increased by about ₹ 14,000 per kilogram and that of gold by about ₹ 6,400-₹ 6,500 per 10 grams. On August 21, a rise of 2.5 to 4 percent was recorded in some long-term silver contracts.

Apart from MCX, the prices of both precious metals also increased in the local bullion market. According to available retail market data, 24 carat gold reached the level of around ₹ 1,60,480 per 10 grams and 22 carat gold reached the level of around ₹ 1,47,100 per 10 grams. The price of 18 carat gold was approximately ₹ 1,20,360 per 10 grams.

The price of silver also increased by about ₹ 5,000 and reached the level of about ₹ 2,60,000 per kilogram. However, retail price may vary depending on city, purity, making charges, taxes and local market conditions.

Gold prices also remained high in the international market. Spot gold remained at around $ 4,514 per troy ounce after reaching its highest level since the beginning of June in the previous session. So far during this week, it has increased by about 3.2 percent. American gold futures also remained at the level of around $ 4,571 per ounce.

The international price of silver remained at around $68 per ounce. Globally, the weakness of the dollar and softening bond yields have supported precious metals.

According to experts, many international factors are working behind the current rise. The main reason for this is the weakness of the American dollar. Additionally, softening US Treasury yields increases the attractiveness of investments that do not yield regular interest, which include gold. Global economic and geopolitical uncertainty also affects the demand for gold as a safe haven investment. On the other hand, apart from investment demand, silver also gets support from industrial use.