# Gold, silver surge on weak US jobs, Iran tensions

2026-08-10T04:38:40+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 1 independent outlet

Gold and silver prices rallied sharply last week, with gold futures on the Multi Commodity Exchange gaining nearly 6% to settle around Rs 1.51 lakh per 10 grams. Silver surged even more, rising almost 7% to about Rs 2.31 lakh per kg. Internationally, silver jumped nearly 10% to $63.50 per ounce, while gold rose 7% to $4,399.70 per ounce. Analysts attribute the rally to weaker-than-expected US jobs data, which raised hopes of easier monetary policy from the Federal Reserve. A softer dollar and persistent US-Iran tensions also boosted safe-haven buying. Markets now await US CPI and PPI data this week for further cues on interest rates.

## Coverage

- timesofindia.indiatimes.com <https://timesofindia.indiatimes.com/business/india-business/gold-silver-rate-today-live-updates-18k-22-carat-24k-gold-price-10g-silver-cost-per-kg-mcx-comex-etf-stock-precious-metal-gold-prediction-city-wise-cost-latest-gold-news/liveblog/133078438.cms>
- livemint.com <https://www.livemint.com/market/commodities/mcx-gold-and-silver-prices-volatile-amid-middle-east-confusion-an-uptick-in-the-us-dollar-key-levels-to-watch-11786332721399.html>

Tags: Federal Reserve, gold prices, silver prices, US inflation, US-Iran tensions
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