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August 28, 2026Gold prices are rising again; Investors see gold as a hedge against inflation
The price of 24-carat gold is now around Rs 1.64 lakh per 10 grams, after hovering around Rs 1.59 lakh just a couple of days ago. At these prices, gold’s recent run is hard to ignore. But price appreciation is only one reason investors hold the yellow metal. Gold is also widely seen as a hedge against inflation.
Data from FundsIndia’s Wealth Conversations August 2026 report suggests that gold’s ability to stay ahead of inflation becomes much more consistent as the holding period gets longer.
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 their investment value 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.
