By The Indus Pulse Markets Desk August 9, 2026 at 09:02 AM 2 min readmarketsFinancial InsightAI Insights

Gold Prices Rise Amid Geopolitical Tensions; Silver Remains Steady

As of August 8, 2026, 24K gold rose 1.64% to ₹15240/g, while 1kg silver held at ₹250000.0.
Gold Prices Rise Amid Geopolitical Tensions; Silver Remains Steady
⚠️ Market data is for informational purposes only and does not constitute financial advice.
The Bottom Line
  • •Gold's role as a safe-haven asset is currently bolstered by geopolitical uncertainty and a softer US dollar, providing support against market volatility.
  • •Silver's long-term outlook is defined by a persistent supply deficit, though current price stability reflects a moderation in specific industrial sectors like solar PV.

[Market Overview]:

The precious metals market shows a divergence in performance as of August 8-9, 2026. 24K gold is priced at ₹15240/g, reflecting a daily increase of ₹246 (+1.64%). Additionally, 22K gold is available at ₹13965/g and 18K gold at ₹11426/g. Silver prices for 1kg remain unchanged at ₹250000.0 (+0.00%).

[Global Factors]:

Global gold markets are influenced by Middle East geopolitical conflicts and a weakening US Dollar Index, which fell to 99.6027 on August 7, 2026. Federal Reserve interest rate expectations have shifted, with markets now anticipating only one rate hike by year-end, supporting non-yielding assets like gold. Central bank accumulation, including 64 tonnes by Poland and 25 tonnes by China year-to-date, provides a structural price floor.

[Silver Dynamics]:

Silver faces a projected global supply deficit of 46.3 million ounces for 2026. While industrial demand for solar photovoltaic systems is forecast to decline by 19% due to thrifting, the overall industrial scale remains significant. The market continues to balance this industrial demand against a rebound in US retail investment, which is forecast to grow by 57% in 2026.
Pulse Intelligence
Context & Impact
Context & Background
  • Central banks have averaged 1,000 tonnes of gold purchases annually for four consecutive years.
  • The global silver market faces a supply deficit for the sixth consecutive year.
  • The USD/INR exchange rate stood at 95.35 on August 9, 2026.
Key Consequences
  • Continued central bank gold accumulation may limit downside price risk during equity market corrections.
  • The silver supply deficit may increase price volatility as industrial users compete with investment demand for limited physical stocks.
Market & Economic Impact

The rise in gold prices serves as a hedge against broader market volatility, while the silver supply deficit highlights long-term industrial commodity risks.

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