GENERAL7 Sept 2026
Gold and silver rise
Gold and silver prices turned positive after breaking key resistance levels. In August, Comex gold rose 9.73% and silver jumped 16.32%. Local MCX prices also gained, though the stronger rupee limited the rise. The short-term trend looks bullish unless prices fall below important support zones. Keep an eye on these levels before making buying decisions.
Key Statutory Highlights
- Comex gold gained 9.73% in August to settle at $4,497.3 per ounce, while silver rose 16.32% to $67.2 per ounce.
- In local markets, MCX gold settled at ₹1,54,456 per 10 grams (up 7.75%) and MCX silver at ₹2,40,250 per kg (up 8.46%).
- Gold's positive outlook holds unless prices break below the $4,200-$4,220 support, and silver needs to stay above $62.5.
Actionable Advice for Taxpayers / Founders:If you are planning to invest in gold or silver, watch the support levels mentioned; don't treat this as guaranteed advice—consult your advisor before acting.
Statutory Disclaimer: TaxQue Shorts are AI-assisted editorial briefs for compliance awareness. This brief has not passed every source check; confirm the original notification before acting. This does not constitute formal legal or CA counsel.
TaxQue News Desk
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