Economy · India

Gold and Silver Prices Surge to Multi-Week Highs

Gold prices have reached a seven-week high, with 10 grams trading at Rs 1.53 lakh. Silver prices also saw a significant increase, rallying by Rs 2,100. On MCX, gold reached Rs 1,49,345. Some reports indicate gold prices are nearing Rs 1.50 lakh, while silver futures surged Rs 4,545 to Rs 2.26 lakh. One report noted that gold and silver erased intraday gains on August 6 due to profit booking and a firm US dollar, with gold futures dropping to $4,290 and silver to $61.12 per ounce.

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