Gold Rates & Silver Rates Today (07/07/2026) LIVE: Spot Gold & Silver Under Pressure Due To Stronger Dollar

Gold rates and silver rates in India are likely to be under pressure on July 7th due to the volatile international bullion market. Spot gold continues to trade in red and below $4,160 per ounce, slipping from a 2-week high. Meanwhile, spot silver is also down and trades below $62 per ounce. Precious metals are trading lower due to uptrend in dollar.

Notably, the decline was limited in gold and silver after a weaker-than-expected US jobs report cooled rate hike expectations.

Last week's data revealed a significant slowdown in US job growth in June, along with downward revisions for the previous two months, prompting markets to dial back near-term rate hike bets. Meanwhile, oil prices edged lower as recovering energy flows through the Strait of Hormuz and the prospect of increased OPEC+ supply raised concerns about a potential glut. Investors now await the Fed's meeting minutes, due Wednesday, with markets pricing in over a 50% chance of a September rate hike. JPMorgan noted in a Friday report that demand from key sectors may not be as strong as previously expected, capping gold's rise to $4,300 an ounce in Q3 and $4,500 in Q4, as per Trading Economics.

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Jul 07, 2026, 7:32 am IST

Live Gold Rates Today: Spot Gold Drops Again

Spot gold dipped by nearly 0.6% to trade around ,140 per ounce in the early hours of Tuesday, after starting the week volatile. Investors await for fresh clues from FOMC minutes.

Jul 07, 2026, 7:32 am IST

Live Gold Silver Rates Today: Market Awaits For FOMC Minutes

Market participants are now closely watching the release of the Federal Reserve's meeting minutes on Wednesday for further clues on the interest rate outlook, with markets currently pricing in more than a 50% probability of a rate hike in September.

Jul 07, 2026, 7:32 am IST

Live Silver Rates Today: Spot Silver Drops 1%

Silver prices declined more than 1% to trade below per ounce on Monday, retreating from a two-week high as the US dollar strengthened. Despite the drop, losses remained limited after fresh data pointed to a slowdown in the US labour market, reducing expectations of an aggressive Federal Reserve rate hike.