Gold, Silver Rates Today LIVE (08/08/2026): MCX Gold Drops Rs 2,200, Silver Sinks Rs 6,400 As Dollar Tops 100

Gold rates and silver rates in India dropped sharply on June 8, 2026, due to weak global trends. MCX gold plunged by over RS 1,600 to trade below the Rs 1.54 lakh mark and MCX silver crashed harder by RS 5,500 to trade below Rs 243,500 per kg. However, in the global market, the trend is mixed, with the spot gold price extending its losses to hit yet another 2026 low to trade near $4,300 per ounce. But spot silver surged by nearly 0.51% but still traded below the $68 pivotal level.

On the other hand, crude oil prices witnessed a sharp surge over 3-4%. Brent Crude is near $97 per barrel and US WTI Crude Oil futures traded above $93.50 per barrel.

Factors That Are Fueling Trend In Global Gold and Silver Rates Are:

1. Higher Interest Rates: Expectations that U.S. interest rates will stay elevated for longer-fueled by inflation worries from high oil prices-are capping gains for precious metals.

2. Geopolitical Volatility: Despite Donald Trump signaling that Middle East peace talks are nearing final stages, Iran reported no real progress, and Hezbollah rejected a ceasefire proposal, keeping regional tensions high.

3. Energy Supply Risks: Ongoing conflicts and fears of shipping disruptions through the Strait of Hormuz are keeping crude oil prices elevated.

4. Subdued Retail Demand: Physical gold demand has slowed across Asia, with Chinese premiums easing and Indian buyers turning cautious due to volatile global prices.

LIVE Feed

Jun 08, 2026, 3:54 pm IST

Forex Market Live Updates: US Dollar Crosses 100

The dollar index hovered around 100 on Monday after climbing more than 1% last week, supported by robust US labor market data that reinforced expectations of a Federal Reserve interest rate increase later this year. Data released on Friday showed the US economy added 172,000 jobs in May, comfortably exceeding forecasts of 85,000, while the unemployment rate remained steady at 4.3%. Following the report, markets raised the probability of a Fed rate hike in December to nearly 70%, up from around 50% beforehand. Despite this, the central bank is still widely expected to leave interest rates unchanged at its June 16-17 policy meeting under the leadership of new Chairman Kevin Warsh. Expectations for a more hawkish Fed were also strengthened by renewed tensions in the Middle East, which drove oil prices higher and fueled inflation concerns, as per Trading Economics.

Jun 08, 2026, 3:53 pm IST

Live Silver Rates Today: MCX Silver Price Collapses By Rs 6,400

MCX silver price collapsed by Rs 6,386 or 2.6% to close around Rs 2,42,151 per 1kG. However, due to steep bearish tone across the global in safe haven, MCX silver touched an intraday low of Rs 2,39,064 per 1kg during the trading hours.

Jun 08, 2026, 3:51 pm IST

Live Gold Rates Today: MCX Gold Extends Losses

After the closing bell of day time session on June 8, 2026, MCX Gold price extended its losses to fall by Rs 2,166 or 1.4% to stay around Rs 1,53,428 per 10 grams. In the trading session, this bullion hit an intraday low of Rs 1,52,712 per 10 grams.

Jun 08, 2026, 3:49 pm IST

Live Gold Rates Today: What Is Impacting Bullion Today?

Bullion losses intensified Monday, with spot gold near ,286/oz and silver below , as hawkish macro signals and stalled geopolitical diplomacy continued to weigh on both metals. The oil-to-inflation transmission chain remains central as elevated crude sustains inflation expectations, reinforcing tighter monetary policy and strengthening the dollar and real yields, headwinds that now dominate bullion’s trajectory, overriding its conventional safe-haven appeal. Gold closed last week at ,328/oz with a 4% weekly loss, while silver, bearing a dual macro-and-industrial burden, declined 9% to .60/oz. The strong U.S. jobs report last Friday lifted real yields and pushed the dollar index above 100, directly undermining non-yielding metals. Silver’s sharper decline underscores growth concerns compounded by tech volatility. With the May CPI release on June 10 pivotal, a hot reading could solidify Fed rate hike bets, extend dollar strength, and further pressure precious metals. As monetary policy tightens and recent Iran-Israel escalation, the risk skew remains firmly to the downside: Kaynat Chainwala, AVP Commodity Research, Kotak Securities.

Jun 08, 2026, 1:09 pm IST

Live Silver Rates Today: Spot Silver Volatile

Unlike spot gold, spot silver traded volatile and barely managing to stay away from bears. At the time of writing, spot silver is gradually up to trade around .50 per ounce. Silver has also touched its lowest level in two months, after Iran and Israel exchanged missile strikes, raising concerns that the latest escalation could undermine President Donald Trump's efforts to secure a new 60-day ceasefire agreement with Tehran. As per Trading Economics, markets are now pricing in roughly a 70% chance of a Fed rate hike in December, up from around 50% before the jobs report.

Jun 08, 2026, 1:07 pm IST

Live Gold Rates Today: Spot Gold Reaches Near ,300 Per Ounce

Spot gold price collapsed to hit around ,300 per ounce. Currently, the bullion is down by nearly 1%. This is its lowest level in just two months, escalated by Israel and Iran's new strikes against each other, dampening hopes of a ceasefire agreement furthermore. As per Trading Economics, Trump urged both sides to avoid further military action and reiterated that negotiations remain ongoing. Meanwhile, the prolonged conflict and the continued near-closure of the Strait of Hormuz have disrupted energy supplies from the Persian Gulf, supporting higher oil prices and heightening inflation concerns. At the same time, stronger-than-expected US employment data weighed on bullion by reinforcing expectations that the Federal Reserve could raise interest rates later this year. Markets are now pricing in roughly a 70% chance of a Fed rate hike in December, up from around 50% before the jobs report.

Jun 08, 2026, 1:04 pm IST

Live Gold Silver Rates Today: MCX Gold Silver Price Extends Losses

At the time of writing, MCX gold price dropped by Rs 1,814 or 1.2% to trade around Rs 1,53,780 per 10 grams. While MCX silver price plunged by Rs 5,637 or 2.3% to trade at Rs 2,42,900 per 1Kg.

Jun 08, 2026, 12:08 pm IST

Live Gold Rates Today: Gold Price Drops By Rs 61,100 In Chennai In 8 Days Of June

Date	24K Gold	22K Gold
Jun 08, 2026	₹15,349 (-142)	₹14,070 (-130)
Jun 07, 2026	₹15,491 (0)	₹14,200 (0)
Jun 06, 2026	₹15,491 (-305)	₹14,200 (-230)
Jun 05, 2026	₹15,796 (-1)	₹14,430 (-50)
Jun 04, 2026	₹15,797 (-21)	₹14,480 (-20)
Jun 03, 2026	₹15,818 (0)	₹14,500 (0)
Jun 02, 2026	₹15,818 (0)	₹14,500 (0)
Jun 01, 2026	₹15,818 (-142)	₹14,500 (-130)
May 31, 2026	₹15,960 (0)	₹14,630 (0)
May 30, 2026	₹15,960 (+32)	₹14,630 (+30)

Gold has been falling significantly for the past 10 days, with the 24 carat gold rate in India falling by Rs 60,000 in 100 grams and Rs 6,000 in 10 grams. But in Chennai, gold is down by more than Rs 61,000 in just 8 days of June but still expensive in comparison to physical gold rates in cities like Hyderabad, Bengaluru, Mumbai and others. The above-mentioned performance is of 1 gram gold in Chennai.

Jun 08, 2026, 12:07 pm IST

Live Gold Rates Today: Gold Prices In Hyderabad, Mumbai, Kolkata, Bengaluru, Pune

Gram	24K Gold	22K Gold	18K Gold
1	₹15,169 (-104)	₹13,905 (-95)	₹11,377 (-78)
8	₹1,21,352 (-832)	₹1,11,240 (-760)	₹91,016 (-624)
10	₹1,51,690 (-1,040)	₹1,39,050 (-950)	₹1,13,770 (-780)
100	₹15,16,900 (-10,400)	₹13,90,500 (-9,500)	₹11,37,700 (-7,800)

Gold rates in India crashed steeply on June 8, 2026, entering the week on a bearish note. Check 24K, 22K, 18K Gold Rates In Major Cities.

Jun 08, 2026, 12:05 pm IST

Live Gold Rates Today: Gold Prices Fall Most In Chennai

Gram	24K Gold	22K Gold	18K Gold
1	₹15,169 (-104)	₹13,905 (-95)	₹11,377 (-78)
8	₹1,21,352 (-832)	₹1,11,240 (-760)	₹91,016 (-624)
10	₹1,51,690 (-1,040)	₹1,39,050 (-950)	₹1,13,770 (-780)
100	₹15,16,900 (-10,400)	₹13,90,500 (-9,500)	₹11,37,700 (-7,800)

On June 8, 24 carat gold price plunged by Rs 14,200 in 100 grams to Rs 15,34,900 and dipped by Rs 1,420 in 10 grams to Rs 1,53,490. While 22 carat gold declined by Rs 13,000 in Chennai to Rs 14,07,000 per 100 grams, while the price fell by Rs 1,300 to Rs 1,40,700 in 10 grams. Also, 18 carat gold is lower by Rs 11,500 in 100 grams to Rs 11,79,500 and down by Rs 1,150 to Rs 1,17,950 per 10 grams.

Jun 08, 2026, 12:03 pm IST

Live Gold Rates Today: 18 Carat Gold Price Falls Big Time

Gram	Rate	Change
1	₹11,377	-78
8	₹91,016	-624
10	₹1,13,770	-780
100	₹11,37,700	-7,800

18 carat gold price dipped by Rs 780 in 10 grams to Rs 1,13,770 and plummeted by Rs 7,800 to Rs 11,37,700 per 100 grams.

Jun 08, 2026, 12:03 pm IST

Live Gold Rates Today: 22 Carat Gold Price In India Slips Below Rs 1.40 Lakh Per 10 Grams

Gram	Rate	Change
1	₹13,905	-95
8	₹1,11,240	-760
10	₹1,39,050	-950
100	₹13,90,500	-9,500

22 carat gold price dropped below Rs 1.40 lakh mark on Monday in 10 grams. 10 grams gold is down by Rs 950 to Rs 1,39,050 but 100 grams gold crashed by Rs 9,500 to Rs 1,39,050.

Jun 08, 2026, 12:02 pm IST

Live Gold Rates Today: 24 Carat Gold Prices In India Crashes Hard

Gram	Rate	Change
1	₹15,169	-104
8	₹1,21,352	-832
10	₹1,51,690	-1,040
100	₹15,16,900	-10,400

24 carat gold price nosedived by Rs 10,400 to Rs 15,16,900 per 100 grams and tumbled by Rs 1,040 to Rs 1,51,690 per 10 grams.

Jun 08, 2026, 10:59 am IST

Forex Market Live Updates: Short Term Pressure Continues In Rupee

USDINR opened positively on Monday above the 95 level, reflecting continued short-term pressure on the rupee despite mixed global cues. The Indian Rupee showed relative resilience earlier even amid a broad selloff in Asian equities and a spike in crude oil prices, though broader Asian currencies weakened as optimism faded over a potential US–Iran peace deal, supporting the dollar. Domestically, markets also absorbed stronger-than-expected economic data, with India’s real GDP growing 7.8% YoY in Q1 CY2026, slightly below the revised 8% but well above the 7.2% estimate: Kaveri More, Commodity Technical Analyst, Choice Broking

Jun 08, 2026, 10:59 am IST

Oil Prices Today Live: Technical Outlook For MCX Crude Oil

MCX Crude Oil opened with a gap-up of around +3% on Monday currently near ₹8,960, recovering after Friday’s decline. Prices are attempting to stabilize and sustain upside momentum. The 50 DEMA at ₹8,655 is acting as a key support, with a deeper support zone at ₹8,200. The broader view remains sideways to positive, and a sustained move above ₹9,300 could trigger further upside momentum: Kaveri More, Commodity Technical Analyst, Choice Broking.

Jun 08, 2026, 10:58 am IST

Live Silver Rates Today: Silver Underperforming Gold, Will Trend Stay?

MCX Silver saw a sharp nosedive in Friday’s session, hitting a lower circuit of nearly -6%, followed by additional pressure in Monday’s opening with a further decline of around 2%. The weak sentiment is also reflected in the Gold–Silver ratio, which has surged above 63:1, indicating silver underperformance versus gold. Immediate support is placed at 241100–236850, while resistance stands at 251000–255000. Until a reversal signal emerges, silver is likely to remain under pressure: Kaveri More, Commodity Technical Analyst, Choice Broking.

Jun 08, 2026, 10:58 am IST

Live Gold Rates Today: MCX Gold Still Above 200 DEMA Despite Latest Fall; What's Ahead?

MCX Gold witnessed a sharp decline in Friday’s session, falling nearly ~3,500 points, followed by a gap-down opening of around -1,000 points on Monday at 154434. Prices are now trading below the 20/50/100 DEMA placed at 157261, 159500, which will act as immediate resistance levels. However, the price is still holding above the 200 DEMA at 149173, keeping the broader structure intact. The short-term trend remains moderately bearish, with key support seen at 152750–150670: Kaveri More, Commodity Technical Analyst, Choice Broking.

Jun 08, 2026, 9:55 am IST

Live Silver Rates Today: MCX Silver Nosedives By Over Rs 6,500

MCX silver price continued to crash despite mild buying in spot silver. In the early trade, MCX silver for July 2026 expiry, plunged by at least Rs 6,547 to hit an intraday low of Rs 2,41,990 per 1Kg. However, it has recovered some losses at the time of writing, but still traded worse than gold.

Jun 08, 2026, 9:53 am IST

Live Gold Rates Today: MCX Gold Drops By Rs 2,000

MCX gold price for August 2026 expiry, dropped by nearly Rs 2,000 to hit an intraday low of Rs 1,53,596 per 10 grams. At present, the bullion is trading at Rs 1,54,277 per 10 grams, recovering some losses but still down by Rs 1,317 or 0.9%. The decline in MCX gold is tracing spot gold which is currently at new 2026 lows.