Gold Rates & Silver Rates Today (08/06/2026) Live: MCX Gold Tanks Rs 2,000, Silver Price Crashes Rs 6,500

Gold rates and silver rates in India dropped sharply on June 8, 2026, due to weak global trends. MCX gold plunged by over RS 1,600 to trade below the Rs 1.54 lakh mark and MCX silver crashed harder by RS 5,500 to trade below Rs 243,500 per kg. However, in the global market, the trend is mixed, with the spot gold price extending its losses to hit yet another 2026 low to trade near $4,300 per ounce. But spot silver surged by nearly 0.51% but still traded below the $68 pivotal level.

On the other hand, crude oil prices witnessed a sharp surge over 3-4%. Brent Crude is near $97 per barrel and US WTI Crude Oil futures traded above $93.50 per barrel.

Factors That Are Fueling Trend In Global Gold and Silver Rates Are:

1. Higher Interest Rates: Expectations that U.S. interest rates will stay elevated for longer-fueled by inflation worries from high oil prices-are capping gains for precious metals.

2. Geopolitical Volatility: Despite Donald Trump signaling that Middle East peace talks are nearing final stages, Iran reported no real progress, and Hezbollah rejected a ceasefire proposal, keeping regional tensions high.

3. Energy Supply Risks: Ongoing conflicts and fears of shipping disruptions through the Strait of Hormuz are keeping crude oil prices elevated.

4. Subdued Retail Demand: Physical gold demand has slowed across Asia, with Chinese premiums easing and Indian buyers turning cautious due to volatile global prices.

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Jun 08, 2026, 10:59 am IST

Forex Market Live Updates: Short Term Pressure Continues In Rupee

USDINR opened positively on Monday above the 95 level, reflecting continued short-term pressure on the rupee despite mixed global cues. The Indian Rupee showed relative resilience earlier even amid a broad selloff in Asian equities and a spike in crude oil prices, though broader Asian currencies weakened as optimism faded over a potential US–Iran peace deal, supporting the dollar. Domestically, markets also absorbed stronger-than-expected economic data, with India’s real GDP growing 7.8% YoY in Q1 CY2026, slightly below the revised 8% but well above the 7.2% estimate: Kaveri More, Commodity Technical Analyst, Choice Broking

Jun 08, 2026, 10:59 am IST

Oil Prices Today Live: Technical Outlook For MCX Crude Oil

MCX Crude Oil opened with a gap-up of around +3% on Monday currently near ₹8,960, recovering after Friday’s decline. Prices are attempting to stabilize and sustain upside momentum. The 50 DEMA at ₹8,655 is acting as a key support, with a deeper support zone at ₹8,200. The broader view remains sideways to positive, and a sustained move above ₹9,300 could trigger further upside momentum: Kaveri More, Commodity Technical Analyst, Choice Broking.

Jun 08, 2026, 10:58 am IST

Live Silver Rates Today: Silver Underperforming Gold, Will Trend Stay?

MCX Silver saw a sharp nosedive in Friday’s session, hitting a lower circuit of nearly -6%, followed by additional pressure in Monday’s opening with a further decline of around 2%. The weak sentiment is also reflected in the Gold–Silver ratio, which has surged above 63:1, indicating silver underperformance versus gold. Immediate support is placed at 241100–236850, while resistance stands at 251000–255000. Until a reversal signal emerges, silver is likely to remain under pressure: Kaveri More, Commodity Technical Analyst, Choice Broking.

Jun 08, 2026, 10:58 am IST

Live Gold Rates Today: MCX Gold Still Above 200 DEMA Despite Latest Fall; What's Ahead?

MCX Gold witnessed a sharp decline in Friday’s session, falling nearly ~3,500 points, followed by a gap-down opening of around -1,000 points on Monday at 154434. Prices are now trading below the 20/50/100 DEMA placed at 157261, 159500, which will act as immediate resistance levels. However, the price is still holding above the 200 DEMA at 149173, keeping the broader structure intact. The short-term trend remains moderately bearish, with key support seen at 152750–150670: Kaveri More, Commodity Technical Analyst, Choice Broking.

Jun 08, 2026, 9:55 am IST

Live Silver Rates Today: MCX Silver Nosedives By Over Rs 6,500

MCX silver price continued to crash despite mild buying in spot silver. In the early trade, MCX silver for July 2026 expiry, plunged by at least Rs 6,547 to hit an intraday low of Rs 2,41,990 per 1Kg. However, it has recovered some losses at the time of writing, but still traded worse than gold.

Jun 08, 2026, 9:53 am IST

Live Gold Rates Today: MCX Gold Drops By Rs 2,000

MCX gold price for August 2026 expiry, dropped by nearly Rs 2,000 to hit an intraday low of Rs 1,53,596 per 10 grams. At present, the bullion is trading at Rs 1,54,277 per 10 grams, recovering some losses but still down by Rs 1,317 or 0.9%. The decline in MCX gold is tracing spot gold which is currently at new 2026 lows.