Gold & Silver Rates Today (03/07/2026) LIVE: Spot Gold Reclaims $4,100, Silver Above $62 On Weak US Job Data

Gold rates and silver rates in India could witness strong buying due to the bullish trend seen in the international bullion market in the early hours of June 3, 2026. Spot gold rose by nearly 1.5% to trade above $4,185 per ounce, which also means it is nearing the $4,200 level. Further, spot silver climbed by over 2% to trade above $62 per ounce.

The rally emerged after weaker-than-expected US jobs data pushed investors to scale back on expectations of Federal Reserve rate hikes.

The latest jobs data showed that US added 57,000 jobs in June, which is the lowest in four months and sharply below the market estimate of 110,000. Also, the unemployment rate stood at 4.2%.

Additionally, the US' private-sector job growth was also below expectations. Meanwhile, Fed funds futures now indicate a 50% probability of a September rate hike, which is down from 67% before the latest employment data.

Fed Chair Kevin Warsh also said this week that inflation expectations are moderating while reaffirming the central bank's commitment to maintaining price stability. Meanwhile, gold drew additional support from lower oil prices and easing inflation concerns as commercial shipping through the Strait of Hormuz continued to recover amid progress in US-Iran talks, as per Trading Economics.

On the other hand, crude oil prices are broadly sideways. US WTI Crude dropped below $69 per barrel, while Brent Crude traded flat and near $72 per barrel.

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Jul 03, 2026, 8:32 am IST

Live Silver Rates Today: Spot Silver Rises 2%

Spot silver gained by over 2.3% to trade above ounce after sharp decline in US jobs report. As per Trading Economics, Fed funds futures now imply roughly a 50% chance of a September rate hike, down from 67% before the latest employment data. Fed Chair Kevin Warsh also said this week that inflation expectations are moderating while reaffirming the central bank’s commitment to maintaining price stability. Meanwhile, gold drew additional support from lower oil prices and easing inflation concerns as commercial shipping through the Strait of Hormuz continued to recover amid progress in US-Iran talks.

Jul 03, 2026, 8:31 am IST

Live Gold Rates Today: Spot Gold Jumps 1.5%

Spot gold price surged by 1.5% to trade around ,185 per ounce, which is major rebound after it touched 8-month low. The reason behind the surge is the weaker-than-expected US jobs data that prompted traders to scale back bets on Federal Reserve rate hikes.

Jul 03, 2026, 7:40 am IST

Live Gold Silver Rates Today: US Wages Continued To Rise

Wages continued to rise. Average hourly earnings increased by 13 cents (0.3%) in June to .64, with annual wage growth at 3.5%, indicating steady but moderating pay increases.

Jul 03, 2026, 7:39 am IST

Live Gold Silver Rates Today: US Unemployment Rate Falls

The unemployment rate edged down to 4.2%. While unemployment fell from 4.3% to 4.2%, the decline was largely due to fewer people participating in the labor force rather than stronger hiring. Also, labor force participation weakened. The labor force participation rate fell to 61.5%, suggesting fewer Americans were actively working or looking for work during June.

Jul 03, 2026, 7:39 am IST

Live Gold Silver Rates Today: US Job Added 57,000 Jobs In June, Lowest In 4 Four Months

U.S. job growth slowed sharply in June. Total nonfarm payroll employment increased by 57,000 jobs, much lower than market expectations, indicating hiring momentum weakened. Healthcare and professional services remained the biggest job creators. Employment continued to grow in professional and business services (+36,000), social assistance (+25,000) and healthcare (+22,000), while leisure and hospitality lost 61,000 jobs.