# Gold extends rally to Rs 1.56 lakh on rupee weakness 2026-08-10T14:05:30+00:00 | Business & Economy | Indian Opinion Desk Corroboration: 1 independent outlet Gold prices rose for a fifth consecutive session in Delhi on Monday, climbing Rs 2,000 to Rs 1.56 lakh per 10 grams, driven by a depreciating rupee. The All India Sarafa Association reported silver surged Rs 5,200 to Rs 2,40,000 per kg. Internationally, spot gold edged lower to $4,335 per ounce as investors booked profits ahead of key US inflation data. Traders said a weaker rupee makes imported bullion more expensive. Analysts noted bullion support from expectations of a less aggressive Federal Reserve and lingering West Asia tensions, though elevated oil prices could cap gains. By Tuesday, gold touched a 10-week high of Rs 1.57 lakh per 10 grams in Delhi, gaining 6.65% over six sessions. The biggest market trigger on Wednesday will be US CPI data, which could influence Federal Reserve rate decisions. Traders have cut September rate hike probability to 48% after weaker-than-expected jobs data, but Fed officials remain divided. ## Coverage - deccanherald.com - timesofindia.indiatimes.com Tags: bullion, gold, inflation, precious metals, rupee, silver Canonical: https://indianopinion.org/gold-extends-5-day-gain-to-rs-1-56-lakh-10g/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/gold-extends-5-day-gain-to-rs-1-56-lakh-10g/#story-in-brief Review state: restored archive article, accurate at time of publication, not offered to search indexes.