Gold and silver prices rose for the third consecutive trading session on Friday, August 21, 2026, supported by a weaker US dollar and efforts by the US Treasury Department to keep long-term yields under control.
Over the past three trading sessions, gold prices have increased by around ₹6,400 per 10 grams, while silver has gained approximately ₹14,000 per kilogram. Precious metals have attracted investor interest amid weakness in the US dollar and softer US bond yields.
A weaker dollar directly benefits dollar-denominated commodities such as gold and silver. When the dollar declines, these metals become relatively cheaper for investors holding other currencies. Changes in US Treasury yields have also supported demand for gold.
On the Multi Commodity Exchange (MCX), gold and silver recorded gains on Friday. According to available market data, October 2026 gold futures rose by around ₹1,205 to ₹1,60,630 per 10 grams. September 2026 silver futures increased by around ₹2,986 to ₹2,46,229 per kilogram.
Over three trading sessions, silver has gained around ₹14,000 per kilogram, while gold has increased by approximately ₹6,400-₹6,500 per 10 grams. MCX data also showed gains of 2.5% to 4% in some longer-term silver contracts on August 21.
Prices of both precious metals also increased in the domestic bullion market.
According to available retail market data, 24-carat gold was priced at around ₹1,60,480 per 10 grams, while 22-carat gold stood at approximately ₹1,47,100 per 10 grams. The price of 18-carat gold was around ₹1,20,360 per 10 grams.
Silver prices also rose by around ₹5,000 to approximately ₹2,60,000 per kilogram. Retail prices may vary depending on the city, purity, making charges, taxes and local market conditions.
Gold prices also remained elevated in international markets. Spot gold, after reaching its highest level since early June in the previous session, was around $4,514 per troy ounce. It has gained approximately 3.2% so far this week.
US gold futures remained around $4,571 per ounce, while international silver prices were around $68 per ounce.
Weakness in the US dollar and softer bond yields have supported precious metals in global markets.
According to experts, several international factors are contributing to the current rise in precious metals prices. The main factor is weakness in the US dollar. Softer US Treasury yields also increase the relative attractiveness of assets that do not provide regular interest income, such as gold.
Global economic and geopolitical uncertainty also affects demand for gold as a safe-haven asset. Silver, meanwhile, receives support from both investment demand and industrial use.
