# Gold and silver rally in August after July slump 2026-08-08T15:30:49+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Gold and silver prices have reversed sharply in early August after a subdued July. On August 9, MCX gold futures rose 0.60% to ₹1.45 lakh per 10 grams, while silver futures gained 0.99% to ₹2.23 lakh per kg, Business Today reports. This follows a strong rally in the week ending August 8, when gold surged 7.3% to $4,342 an ounce and silver jumped 10.3% to $63.90, according to The Hindu Business Line. The turnaround comes after a lacklustre July. The Hindu reported that MCX gold fell 1.71% to ₹1,43,376 per 10 grams in July, and silver dropped 4.6% to ₹2,17,198 per kg, as geopolitical tensions and US rate hike concerns kept prices in check. The Federal Reserve's decision to hold rates unchanged late in July triggered the recovery. ## Coverage - thehindu.com - thehindubusinessline.com - businesstoday.in Tags: Comex, commodity prices, gold, MCX, precious metals, silver Canonical: https://indianopinion.org/gold-and-silver-recover-in-august-after-july-slump/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/gold-and-silver-recover-in-august-after-july-slump/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.