# Gold hits Rs 1.61 lakh on MCX, up 4.6% in three sessions 2026-08-21T10:39:05+00:00 | World & Diplomacy | Indian Opinion Desk Corroboration: 1 independent outlet Gold futures on the Multi Commodity Exchange crossed Rs 1.61 lakh per 10 grams on Monday, extending a sharp rally. In three trading sessions, MCX gold has gained more than Rs 7,100 per 10 grams, or roughly 4.6%. Silver rose by over Rs 15,000 per kilogram, a gain of nearly 6.6%. The surge is driven by US President Donald Trump's announcement of reciprocal tariffs, which stoked global trade uncertainty and pushed investors into safe-haven assets. Spot gold in international markets also jumped, hitting fresh highs above $3,100 per ounce. Import-dependent India sees domestic gold prices rise further when the rupee weakens. Analysts expect the rally to continue if trade tensions escalate. The key catalyst remains the April 2 deadline for Trump's tariff plan. A sustained move past Rs 1.70 lakh is seen as possible in the coming weeks, though profit-booking at current levels cannot be ruled out. ## Indian Opinion Analysis The trigger for this surge is US President Donald Trump's reciprocal tariff announcement, which rewired global trade expectations and drove a flight into safe-haven assets like gold. Historically, Indian gold prices track international rates plus import duties and rupee movements, a weaker rupee boosts rupee-denominated gold. The Rs 1.61 lakh level is roughly 6-7% away from the global record high of about $3,500 per ounce. Domestic demand may cool at these levels, but institutional buying and central bank accumulation remain supportive. The immediate watch is the April 2 US tariff deadline: if escalation continues, Rs 1.75 lakh is plausible before Diwali. ## Coverage - ndtvprofit.com Leads with price levels and percentage gains, no speculation or attribution needed, straight market reportage This story was synthesised by AI from the source linked above. Tags: Donald Trump, gold, MCX, Multi Commodity Exchange, silver Canonical: https://indianopinion.org/gold-hits-rs-1-61-lakh-on-mcx-up-4-6-in-three-sessions/ License: Summary and commentary (c) Indian Opinion, reusable with attribution. Facts belong to the linked sources. Cite: https://indianopinion.org/gold-hits-rs-1-61-lakh-on-mcx-up-4-6-in-three-sessions/#story-in-brief How this brief was made: an AI model read the report linked above and wrote this summary and analysis, which were published automatically. Published briefs are sampled every hour by an automated quality check; the editor verifies its findings and approves corrections, and corrected briefs carry a dated correction line. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/