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Gold Prices Hold Steady Near Highs, Silver Soars
26 Aug
Summary
- Gold prices remained stable, near recent peaks on Tuesday.
- Silver prices stayed elevated in domestic markets.
- Buyers are monitoring MCX gold and city rates before purchasing.
On Tuesday, August 26, gold prices maintained a steady position near their recent peaks. Concurrently, silver continued to trade at high levels within the domestic Indian market. Buyers are currently observing the MCX gold figures and rates across various cities before committing to new purchases.
Retail data indicates that 24-carat gold is priced around ₹16,374 for one gram, and 22-carat gold is approximately ₹15,009 per gram. In the futures market, MCX gold futures saw a slight increase of about 0.09% in early trading, nearing ₹1,63,029 per 10 grams.
Silver rates are holding high, with prices around Rs 2,59,900 per kilogram in some Indian markets. Sterling silver (Silver 925) is quoted near Rs 2,59,000 per kilogram. It is important to note that gold and silver rates can differ from city to city due to local demand dynamics.
