Gold & Silver Rates Today (06/07/2026) LIVE: MCX Gold Cautious, Silver Falls Rs 1,400 As Dollar Nears 101

Gold rates and silver rates in India are under pressure as spot gold and silver prices erased early gains and traded bearish. MCX gold is struggling around Rs 1.47 lakh per 10 grams mark with mild declines. While MCX silver fell nearly Rs 1,000 to trade below Rs 2.37 lakh mark. Both precious metals at MCX opened in red due to shift in global bullion market.

Spot gold which surged nearly 0.6% and traded near $4,195 per ounce, is now down by 0.2% to trade around $4,165 per ounce. While Spot silver erased its $62 per ounce mark and is currently down by 1%.

The performance can also be attributed to US dollar which gained momentum and is closer to 101 mark. Currently, the DXY is around 100.97 against a basket of currencies.

Nonetheless, last week, gold and silver recorded strong gains after weather-than-expected US jobs data and lower crude oil prices toned down the expectations of rate hikes in 2026. As per CME FedWatch tool, the probability of a rate hike has dipped to 50% from the earlier 66% probability.

Meanwhile, crude oil prices were also in the red amidst easing tensions between US-Iran and surge of energy flows from Strait of Hormuz. US WTI Crude is down 0.6% to trade around $68.3 per barrel and Brent Crude slipped by 0.60% to trade around $71.67 per barrel.

Oil prices edged lower as recovering energy flows through the Strait of Hormuz and the prospect of increased OPEC+ supply fueled concerns about a potential glut. That has helped ease inflationary pressures that had previously heightened fears of further rate hikes and weighed on non-yielding gold. Meanwhile, data released last week showed US nonfarm payrolls increased by just 57,000 in June, the smallest gain in four months and well below forecasts of 110,000, prompting traders to reduce their bets on a September rate hike, as per Trading Economics.

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Jul 06, 2026, 9:49 am IST

Live Silver Rates Today: Lowest & Highest Target For MCX Silver For July 9-10 Week

MCX Silver has witnessed a strong recovery after finding support near ₹2,20,000, with prices rebounding to trade around the ₹2,37,000 mark, indicating renewed buying interest at lower levels. Immediate resistance is placed at ₹2,38,000–₹2,39,000, and a sustained move above this zone could extend the recovery toward the ₹2,44,000–₹2,45,000 resistance area. On the downside, the ₹2,35,000–₹2,34,000 zone is expected to provide immediate support, with stronger support placed at ₹2,31,000–₹2,30,000. Overall, the broader trend has turned cautiously positive after the recent rebound, with confirmation of a sustained recovery dependent on prices decisively reclaiming key resistance levels: Ponmudi R, CEO of Enrich Money.

Jul 06, 2026, 9:48 am IST

Live Silver Rates Today: Will COMEX Silver Fall Below Or Rise Above This Week?

COMEX Silver has witnessed a recovery after holding above the support zone, with prices rebounding toward following renewed buying interest. Immediate resistance is placed at –, followed by –. A sustained breakout above these levels could strengthen recovery momentum and improve sentiment. On the downside, - remains the immediate support, while a break below this level could expose prices to . Overall, the broader technical structure has turned cautiously positive following the recent rebound, although a sustained move above key resistance levels is required to confirm a stronger recovery trend: Ponmudi R, CEO of Enrich Money.

Jul 06, 2026, 9:48 am IST

Live Gold Rates Today: Technical Target For MCX Gold

MCX Gold has witnessed a strong recovery from recent lows after finding support near ₹1,40,500, with prices reclaiming the ₹1,47,000 zone, indicating improving buying interest at lower levels. A sustained move above ₹1,48,000 could extend the rally toward the ₹1,49,000–₹1,49,500 resistance zone, while a breakout above this area could strengthen momentum and push prices toward ₹1,50,600–₹1,51,000. On the downside, the previous resistance zone of ₹1,47,000–₹1,46,500 is expected to act as immediate support, with further weakness extending toward ₹1,45,500–₹1,45,000 if this level is breached. Overall, the broader structure has improved after the recent rebound, but a sustained breakout above key resistance levels is required to confirm a stronger bullish reversal: Ponmudi R, CEO of Enrich Money.

Jul 06, 2026, 9:47 am IST

Live Gold Rates Today: COMEX Gold Weekly Outlook For July 6-10

COMEX Gold witnessed a technical rebound after finding support near the ,000 range, with prices recovering toward ,200 following sustained buying interest at lower levels. Immediate resistance is placed at ,200–,240, followed by the stronger ,360–,400 zone. A sustained breakout above these levels would be required to improve sentiment and revive bullish momentum. On the downside, ,000-,950 acts as a major support, while a break below this level could trigger fresh selling pressure toward ,800. Overall, the broader outlook remains cautiously positive, with further recovery prospects dependent on a decisive move above key resistance levels: Ponmudi R, CEO of Enrich Money.

Jul 06, 2026, 9:44 am IST

Live Silver Rates Today: Spot Silver Drops 1% To Below

Spot silver fell by nearly 1% to struggle around .82 per ounce, eventually erasing mark. In the early trade, spot silver gained marginally to trade near .55 per ounce.

Jul 06, 2026, 9:44 am IST

Live Gold Rates Today: Spot Gold Falls Marginally

Spot gold price dropped marginally to trade below ,165 per ounce, at the time of writing. In the early hours of July 6th, spot gold traded around ,192 per ounce with nearly 0.6% upside.

Jul 06, 2026, 9:42 am IST

Live Silver Rates Today: MCX Silver Falls

MCX silver price dropped by over Rs 1,325 or 0.6% to trade around Rs 2,36,085 per 1Kg, after hitting an intraday low of Rs 2,36,001 per 1Kg. Silver is currently underperforming gold.

Jul 06, 2026, 9:39 am IST

Live Gold Rates Today: MCX Gold Struggles

MCX gold price is struggling to hold Rs 1.47 lakh mark. In the opening bell, the bullion which is scheduled to expire on August 5th, dropped marginally to hit an intraday low of Rs 1,47,135 per 10 grams. Currently, the bullion is trading cautiously.