Gold futures surged past ₹1.60 lakh per 10 grams in Indian markets on August 20, 2026, driven by a weakening US dollar.
Silver prices also experienced a massive rally, jumping by ₹17,405 in 48 hours to approach ₹2.50 lakh per kilogram.
The surge in precious metals has triggered a rush into bullion ETFs, with 11 funds posting over 4% intraday returns.