Gold Rates & Silver Rates Today (06/08/2026) LIVE: MCX Gold Price Up Rs 750 As COMEX Hits 7-Weeks High

Gold rates and silver rates in India witnessed a mixed trend on Thursday morning. MCX gold gained marginally by 0.4% to trade above Rs 1.49 lakh per 10 grams, while MCX silver traded volatile but held Rs 2.27 lakh per 1Kg mark. At MCX, zinc, natural gas, and copper traded under pressure. While MCX crude oil rose by nearly 1%.

The performance is due to a pull back in global precious metals. Both spot gold and silver prices corrected marginally from their weekly highs and traded under pressure. Earlier, spot gold surged nearly 1% and reclaimed $4,300 per ounce mark, while spot silver gained as well to trade near $63 per ounce pivotal level. MCX gold and silver are expected to follow the trend.

The international bullion market has recorded four consecutive sessions upside as a deal between US and Iran is likely taking place to partially reopen the Strait of Hormuz, which pushed crude oil prices lower.

Currently, US WTI crude oil price traded above $75 per barrel and Brent Crude traded near $80 per barrel. The trend was volatile.

Iran and Oman reached an agreement on a shipping corridor through the strait, boosting expectations of increased energy flows from the Middle East. Markets scaled back expectations for Federal Reserve interest rate hikes this year, now pricing in just one increase by year-end, compared with two as recently as last week. Meanwhile, ADP data showed the US economy added only 44,000 private-sector jobs in July, the weakest reading since January and well below forecasts for 70,000. Elsewhere, Fed Governor Lisa Cook reiterated on Wednesday that she remains prepared to raise rates if inflation fails to cool, warning that the central bank may not have the luxury of waiting before bringing inflation back to its 2% target, as per Trading Economics.

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Aug 06, 2026, 10:13 am IST

Live Gold Silver Rates Today: What Is Fueling Precious Metals?

The rally was supported by renewed optimism surrounding US-Iran negotiations, although market participants remain cautious as the final outcome will depend on official confirmation and statements from Iran. Until a formal agreement is reached, geopolitical uncertainty is likely to keep a risk premium embedded in bullion prices. Going forward, the market's focus shifts to the US ADP Employment Change data, followed by the Non-Farm Payrolls and Unemployment Rate, which will be key indicators for the Federal Reserve's interest rate outlook. These releases are expected to drive the next major move in gold. Technically, MCX Gold is expected to trade in the ₹1,44,000–1,47,500 range over the near term: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Aug 06, 2026, 10:12 am IST

Live Silver Rates Today: MCX Silver Gains Marginally

MCX silver price traded marginally higher to volatile mode after hitting an intraday high of Rs 2,28,397 per 1Kg. At the time of writing, MCX silver performed at Rs 2,27,760 per 1Kg.

Aug 06, 2026, 10:12 am IST

Live Gold Rates Today: MCX Gold Jumps Rs 750

MCX gold traded higher even when commodity market trend at MCX were mixed. MCX gold futures which is scheduled for expiry on October 5, 2026, traded up by Rs 744 or 0.5% to Rs 1,49,237 per 10 grams, which is near its intraday high of Rs 1,49,525 per 10 grams.

Aug 06, 2026, 8:51 am IST

Live Silver Rates Today: Spot Silver Above $62

Silver held above $62 an ounce on Thursday after rising for three straight sessions. As per Trading Economics, markets scaled back expectations for Federal Reserve interest rate hikes this year, now pricing in just one increase by year-end, compared with two as recently as last week.

Aug 06, 2026, 8:50 am IST

Live Gold Rates Today: Spot Gold Above $4,300

Gold climbed toward $4,300 an ounce on Thursday, rising for the fourth straight session and rallying nearly 6% so far this week as a deal to partially reopen the Strait of Hormuz pushed oil prices lower, easing concerns over inflation and the outlook for interest rates. Iran and Oman reached an agreement on a shipping corridor through the strait, boosting expectations of increased energy flows from the Middle East, as per Trading Economics.