As gold rate rises, should you sell, hold or buy?
Gold price on the Commodity Exchange of India (MCX) witnessed a surge in August 2026, jumping by 13.51%, or Rs 19,212 per 10 gram. Just in the last 10 days, the price has risen by 4,63%, or Rs 7,103/10 gram.
Such a sharp rally in such a short time has reignited hopes of long-term investors who had been waiting to book profits or rebalance their portfolio. 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 beat the mark of Rs 1,75,231/10g set on January 29, 2026, on the MCX.
Such a sharp rally in such a short time has reignited hopes of long-term investors who had been waiting to book profits or rebalance their portfolio. 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 beat the mark of Rs 1,75,231/10g set on January 29, 2026, on the MCX.
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