Gold & Silver Rates Today (04/08/2026) LIVE: MCX Gold Races To Rs 1.44 Lakh, Silver Price Nears Rs 2.20 Lakh

Gold rates and silver rates in India traded higher on Tuesday, with MCX gold performing in a narrow range. MCX gold surged nearly Rs 500 to trade above Rs 1,43,300 per 10 grams, while MCX silver price soared by over Rs 2,250 to trade around Rs 2.19 lakh. This is due to positive global cues.

Spot gold traded in a narrow range but was up marginally to hold near $4,060 per ounce, while spot silver zoomed 2% to trade near $59 per ounce. Investors track US-Iran peace talks, which could offer further clues of the reopening of the Strait of Hormuz. Also, traders continuously evaluate trends for upcoming US Fed monetary policy trajectory.

President Donald Trump said his offer of talks represents Tehran's final opportunity to reach a deal and expressed confidence that Hormuz will reopen soon. Iran, however, denied that any direct talks with the US are underway, though it said discussions with Oman aimed at increasing shipping through the strait are making progress. Meanwhile, markets are pricing in about a 65% chance of a 25 basis point Fed rate hike in September after the central bank left interest rates unchanged in July. Bank of New York Fed President John Williams said monetary policy remains well positioned, adding that inflation is expected to ease during the second half of the year, as per Trading Economics.

On the other hand, crude oil prices jumped around 1% each with US WTI Crude Oil futures trading above $81 per barrel and Brent Crude climbing near $85 per barrel. Also, US dollar witnessed a renewed uptrend to trade near $100 mark.

Markets are currently pricing in about a 65% chance of a 25 basis point Fed rate hike in September after the central bank left interest rates unchanged in July. Bank of New York Fed President John Williams monetary policy remains well positioned, adding that inflation is expected to ease during the second half of the year, the Trading Economics data added.

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Aug 04, 2026, 11:22 am IST

Live Gold Silver Rates Today: MCX Gold & Silver Price Extend Rally

Precious Metals extended their rally on August 4th. At the time of writing, MCX silver zoomed by 1.30% to trade around Rs 2,19,563 per 1Kg, while MCX gold rose by nearly 0.6% to trade around Rs 1,43,699 per 10 grams. Both are racing to hit their pivotal levels of Rs 2.20 lakh per 1Kg and Rs 1.44 lakh per 10 grams.

Aug 04, 2026, 9:29 am IST

Live Gold Silver Rates Today: Commodities Rally At MCX

Majority of major commodities are in green at MCX. The crude oil futures surged by 1.2%, while copper and silver price climbed 1% each. Zinc, gold, lead and natural gas are marginally higher.

Aug 04, 2026, 9:29 am IST

Live Silver Rates Today: MCX Silver Climbs Sharply

MCX silver outperformed gold in the early trade of Tuesday. It traded at Rs 2.19 lakh per 1kg, rising by Rs 2,254 or 1.04%. This is near its intraday high of Rs 2,19,896 per 1Kg. Also, the performance comes after spot silver gained 2%.

Aug 04, 2026, 9:29 am IST

Live Gold Rates Today: MCX Gold Marginally Higher

MCX gold price traded marginally higher by Rs 457 or 0.32% to Rs 1,43,372 per 10 grams. This is near the intraday high of Rs 1,43,740 per 10 grams.

Aug 04, 2026, 9:08 am IST

Live Gold Rates Today: Why UBS is still positive on gold

The Federal Reserve is expected to cut rates in 2027, reducing pressure on gold.
The U.S. dollar could weaken over time.
Strong central bank purchases are likely to continue providing support.
Gold remains an attractive hedge against geopolitical risks, inflation surprises, and financial market volatility

UBS believes the long-term outlook remains constructive because: UBS expects short-term volatility and a possible correction, but views any decline toward ,850 as a buying opportunity rather than the end of the bull market. The bank continues to project gold climbing to ,200 per ounce by mid-2027 as macroeconomic conditions become more favorable.

Aug 04, 2026, 9:07 am IST

Live Gold Rates Todya: UBS Sets ,200 Target For Gold By June 2027

UBS remains bullish on gold over the long term, forecasting the metal to reach ,200 per ounce by June 2027, despite expecting short-term weakness.

Aug 04, 2026, 9:02 am IST

Live Gold Rates Today: MCX Gold Technical Target Today

Going forward, the market's focus will remain on the Federal Reserve's policy outlook, which continues to be the key driver for bullion prices. Investors will also closely track this week's US employment data, including the ADP Employment Change, Non-Farm Payrolls, and Unemployment Rate, for fresh clues on the Fed's interest rate path. Technically, MCX Gold is expected to trade in the ₹1,42,000–1,45,000 range over the near term: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Aug 04, 2026, 9:01 am IST

Live Gold Silver Rates Today: What Will Impact Bullion Market Today?

Bullion remained largely range-bound as the US-Iran situation stayed relatively calm over the weekend, with no fresh geopolitical escalation and continued expectations of progress on diplomatic talks. At the same time, weaker crude oil prices and a softer US dollar provided modest support to gold: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.