Gold prices on the Commodity Exchange of India (MCX) witnessed a surge in August 2026, soaring by 13.51%, or Rs 19,212 per 10 gram. Over the last 10 days alone, the price has gone up by 4.63%, or Rs 7,103/10 gram.
Such a sharp rally in such a short time has renewed optimism among long-term investors who have been eager to cash in on profits or rebalance their portfolios. Those who bought gold in dips are happy to see the value of their investments rise. On the other hand, buyers who bought gold at its peak are desperately waiting for the rally to continue and surpass the record of Rs 1,75,231/10g set on January 29, 2026, on the MCX.
