Gold and silver futures rallied on the Multi Commodity Exchange (MCX) on Monday, August 10, 2026. October gold futures surpassed the ₹1.52 lakh per 10-gram mark. September silver futures rose to approximately ₹2.34 lakh per kilogram.
Geopolitical tensions near the Strait of Hormuz increased safe-haven demand for precious metals. Weaker-than-expected US jobs data from the previous week further supported the price surge. This labor data reduced market expectations for Federal Reserve interest rate hikes.
Investors are monitoring upcoming US inflation data for future monetary policy direction. The domestic rally persisted despite relative weakness in international gold prices. Local factors and currency fluctuations continue to influence Indian market movements.