# Silver and gold futures rise on fresh buying, spot demand

2026-08-24T07:16:07+00:00 | Business & Economy | Indian Opinion Desk

Corroboration: 2 independent outlets (3 source reports)

Silver futures on MCX rose 0.09% to Rs 2,46,819 per kg on August 24, driven by fresh position building by participants, according to PTI. In the overseas market, silver dipped 0.19% to $68.86 per ounce. Gold futures on MCX gained 0.79% to Rs 1,63,721 per 10 grams, supported by firm spot demand and new buying by speculators. Globally, gold rose 0.99% to $4,648.78 per ounce in New York. Both precious metals moved higher in domestic trade despite a slight weakness in international silver. The next direction depends on whether spot demand sustains and global prices hold current levels.

## Indian Opinion Analysis

All three sources present near-identical wire copy via PTI, with no editorial slant or selective framing. The only difference is temporal: Source-1 reports a break-out from consolidation before a dip, while Sources-2 and 3 report the same day's fresh-position buying. The measured takeaway is that silver and gold are moving on technical factors and spot demand, not macro news. Watch whether silver holds above Rs 2.42 lakh or falls back into its August range.

## Coverage

Coverage: 3 sources, 3 neutral
- ndtvprofit.com (neutral report) <https://www.ndtvprofit.com/markets/silver-rate-today-drops-below-rs-2-45-000-per-kg-amid-profit-booking-opportunity-to-buy-11950290>
  Breaks down recent price range and breakout before the latest rise, leaning technical analysis
- thehindubusinessline.com (neutral report) <https://www.thehindubusinessline.com/markets/gold/domestic-silver-futures-rise-to-246-lakh-per-kg/article71383712.ece>
  Straight PTI wire: rise on fresh positions, no editorial frame
- thehindubusinessline.com (2) (neutral report) <https://www.thehindubusinessline.com/markets/commodities/gold-futures-rise-to-163-lakh10-gm-on-spot-demand/article71383665.ece>
  Straight PTI wire: gold rise on spot demand and fresh positions

This story was synthesised by AI from the 3 sources linked above.
Updated: this story now draws on 3 sources. Last updated 2026-08-24T09:15:01+00:00.

Tags: Multi Commodity Exchange, profit booking, Rs 2.45 lakh per kg, silver
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How this brief was made: an AI model read the reports 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. Stance labels are editorial classifications of how each outlet framed this story, assigned by the same model, not ratings of the outlets. We do no original reporting. Methodology: https://indianopinion.org/ai-use-policy/