Gold rates and silver rates in India are trading higher but with a volatile bias on Monday, August 7, 2026, as the international bullion market pulled back from its strong weekly rally. MCX gold price is currently marginally up but holds above Rs 1.52 lakh mark. On the contrary, MCX silver zoomed by nearly 1% to trade near Rs 2.34 lakh per 1Kg.
Spot gold is down by 0.4% to trade around $4,330 per ounce, while spot silver traded narrow to hold above $63.50 per ounce. This is due to sharp surge in crude oil prices by 1% each in US WTI and Brent Crude as they neared $79 per barrel and $85 per barrel.
Last week, spot gold surged 7% and silver rallied over 10% due to sharp contraction in US nonfarm payroll market to 23,000, which eased expectations of rate hike from US Federal Reserve in the upcoming policy.
Markets now price around a 44% chance of a 25 basis point rate hike in September, down from 67% a week earlier. Silver also held its gains even after oil prices climbed higher as uncertainty persisted over efforts to reopen the Strait of Hormuz. Iran said talks with Oman were close to an agreement but denied holding direct negotiations with the US, despite Washington's claims that a deal was imminent, as per Trading Economics.
US dollar stayed around $99.6 against a basket of currencies.
The trajectory for gold and silver this week is volatile.
Gold rates in India have rallied nearly 6% across carats in just 8 days of the month of August, while silver rates in the country have soared 5%. 10 grams of gold has reclaimed above the Rs 1.52 lakh mark in 24 carat, while the 999 purity silver is priced at Rs 2.45 lakh per 1 kg. Precious metals rallied after expectations of a rate hike in September policy eased, while a possible ceasefire in West Asia supported the narrative of cooling in inflationary pressure. In the week ahead, 10 grams of gold will test the Rs 1.60 lakh mark, and 1 kg of silver will also test around Rs 2.40 lakh mark at MCX. The trajectory, however, is seen to be volatile.
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Aug 10, 2026, 4:06 pm IST
Live Gold Silver Rates Today: Natural Gas Futures Top Performer At MCX
Natural gas futures emerged top gainers in the day-time session of MCX, rising to the tune of over 3%. MCX crude oil price also gained by 1.23% to end at Rs 7,515. Silver and copper also soared 1% each.
Aug 10, 2026, 4:06 pm IST
Live Silver Rates Today: MCX Silver Ends 1% Higher
MCX silver price held its gaining momentum to end at Rs 2,33,849 per 1Kg, registering an upside of Rs 2,383 or 1.03%. Silver has also corrected from its intraday high of Rs 2,35,221 per 1Kg.
Aug 10, 2026, 4:06 pm IST
LIVE Gold Rates Today: MCX Gold Corrects In Closing Bell
MCX gold price corrected marginally in the closing bell to end at Rs 1,52,407 per 10 grams in the day-time session. Bullion is currently up by Rs 587 or 0.4%. It has pulled away from intraday high of Rs 1,52,999 per 10 grams.
Aug 10, 2026, 2:36 pm IST
Live Silver Rates Today: Bias In MCX Silver Remains Cautiously Constructive
MCX Silver is trading near ₹233,000, maintaining its positive momentum after a rebound from the ₹230,500 support zone. A sustained move above ₹234,000 could trigger the next leg higher toward ₹235,000–₹235,500 near previous highs. Immediate support is seen at the ₹231,800 zone, followed by stronger support at ₹231,000–₹230,500. Price continues to hold above the 20-day and 200-day EMAs, while RSI has improved to around 57, reflecting gradually strengthening momentum. Bias remains cautiously constructive, with a breakout above ₹234,000 likely to strengthen bullish momentum, whereas a fall below ₹231,000 could result in a corrective move toward the ₹230,500 support zone: Ponmudi R, CEO of Enrich Money.
Aug 10, 2026, 2:36 pm IST
Live Silver Rates Today: Spot Gold To Hit $65 Mark On Monday?
COMEX Silver is trading around $63, extending its recovery and holding above the recent breakout zone after reclaiming the 50-day EMA. Immediate resistance is seen at $64, while a sustained breakout above this region could target the next resistance at $65.20–$66, near the 200-day EMA. Immediate support is placed at $62–$61.50, with stronger support at $60.50–$59, a previous resistance zone now acting as support. RSI has improved to around 59, suggesting strengthening momentum, although a decisive close above $65 is still required to confirm a broader trend reversal. Bias remains cautiously positive above $64, while a break below $62 could lead to a pullback toward $60: Ponmudi R, CEO of Enrich Money.
Aug 10, 2026, 2:36 pm IST
Live Gold Rates Today: Technical Outlook For MCX Gold
MCX Gold is trading above ₹151,500, facing resistance near its recent seven-week high after a sharp breakout. Immediate resistance is placed at ₹152,000–₹152,600 near previous highs, and a decisive move above could push toward ₹153,000–₹153,500. Immediate support is seen at ₹151,500–₹151,000, followed by stronger support at ₹150,000–₹149,500. Price continues to hold comfortably above all the major moving averages (20/50/100/200 EMA), highlighting a strong improvement in the medium-term trend, though RSI has moved into overbought territory, reflecting possible near-term pressure. Bias remains constructive above ₹152,000, whereas a decline below ₹151,000 may invite short-term profit booking: Ponmudi R, CEO of Enrich Money.
Aug 10, 2026, 2:35 pm IST
Live Gold Rates Today: Will Spot Gold Bullish Momentum Stay Ahead?
COMEX Gold is holding firmly above $4,300, remaining well supported after the recent breakout and continuing to consolidate above the breakout zone. Immediate resistance is seen at $4,400–$4,480, and a sustained move above this zone could pave the way toward the next resistance at $4,500–$4,550. Immediate support is placed at $4,300–$4,280, which coincides with the 200-day EMA, while the next support is seen at $4,240–$4,220, a previous resistance zone now acting as support. Price continues to trade above the major EMAs, with RSI strengthening to around 65, indicating improving bullish momentum slowly edging toward overbought territory. Bias remains positive above $4,400, with sustained trade above this level likely to extend the rally toward $4,550, while a break below $4,300 could trigger profit booking toward $4,240: Ponmudi R, CEO of Enrich Money.
MCX gold and silver price extended gains. At the time of writing, MCX gold price surged by nearly Rs 700 to trade around Rs 1,52,500 per 10 grams. While MCX silver price zoomed by nearly Rs 2,800 to trade around Rs 2,34,254 per 1Kg.
Aug 10, 2026, 11:16 am IST
Live Silver Rates Today: Spot Silver Nears $64
Spot silver outperformed spot gold and traded near $64 per ounce, after rising by over 10% last week. As per Trading Economics, Markets now price around a 44% chance of a 25 basis point rate hike in September, down from 67% a week earlier. Silver also held its gains even after oil prices climbed higher as uncertainty persisted over efforts to reopen the Strait of Hormuz. Iran said talks with Oman were close to an agreement but denied holding direct negotiations with the US, despite Washington’s claims that a deal was imminent.
Aug 10, 2026, 11:16 am IST
Live Gold Rates Today: Spot Gold Cautious But Above $4,300
Spot gold price traded around $4,340 per ounce with mild correction. As of now, on Monday, this bullion has showed cautious tone. As per Trading Economics, Gold also held its gains even after oil prices climbed higher as uncertainty persisted over efforts to reopen the Strait of Hormuz. Iran said talks with Oman were close to an agreement but denied holding direct negotiations with the US, despite Washington’s claims that a deal was imminent.
Aug 10, 2026, 10:23 am IST
Live Gold Silver Rates Today: Commodity Market Witnesses Buying Trend
At MCX, the iCOMDEX Bullion surged 0.5%, while other commodities also witnessed upside trend. The best performers are natural gas, silver and crude oil which surged by 1% to 2.2%. While copper is up 1%, lead and gold are marginally higher.
Aug 10, 2026, 10:23 am IST
Live Silver Rates Today: MCX Silver Outperforms Gold
MCX silver traded at Rs 2,33,751 per 1Kg, registering an upside of 2,285 or 0.99%. The silver futures which is scheduled to expire on September 4, 2026, has touched an intraday high of Rs 2,34,185 per 1Kg in the early trade before correcting.
Aug 10, 2026, 10:23 am IST
Live Gold Rates Today: MCX Gold Trade Volatile
MCX gold price opened Monday's session on a cautious note. The gold futures scheduled to expire on October 5, 2026, is trading currently higher by Rs 45 to Rs 1,52,065 per 10 grams, after hitting an intraday high of Rs 1,52,299 per 10 grams. The bullion has touched an intraday low of Rs 1,51,461 per 10 grams in the opening bell.
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