Gold rates and silver rates in India are likely to rally on Monday, October 12, 2026, due to a strong bullish trend in the global bullion market. Spot gold extended its surge for three consecutive sessions to trade above $4,200 per ounce on the back of falling oil prices. Spot silver gained 1% to trade above $61 per ounce. Investors' appetite in gold restored after hopes of Russian diesel supplies to ease global fuel shortages crisis, which could further ease inflationary pressure.
On Friday, President Donald Trump said his administration had reached an agreement for Russia to supply hundreds of thousands of tons of diesel, signaling a partial lifting of Moscow's ban on diesel exports. Trump also claimed that Russia and Ukraine had agreed to an "energy ceasefire" effective immediately. Meanwhile, Saudi Arabia's main airport was targeted again on Sunday by Iran-backed Houthi militants, a day after a strike killed 12 people and injured more than 300. The attacks prompted Trump to consider joining Saudi Arabia in retaliatory action against the Houthis in Yemen. Elsewhere, investors looked ahead to key US inflation figures this week that could offer fresh clues on the Federal Reserve's next policy move, as per Trading Economics.
Meanwhile, crude oil prices dropped by 1% to 2% with US WTI crude futures to trade below $91 per barrel and Brent crude futures trading near $103 per barrel. Natural gas and gasoline crashed 2% each. Copper price gained 1% in the global market.
US 10-year treasury yields remain steady at around 5.24%, while the 30-year yield eased to 5.60%. Meanwhile, the US dollar rate fell to 102.12 against a basket of currencies.
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Oct 12, 2026, 8:35 am IST
Live Forex Market Today: Indian Rupees To Witness Uptrend This Week
USD/INR extended its uptrend over the week, closing near 96.78 after touching a fresh high of 96.85. Immediate resistance is placed at 96.85–96.90, followed by the psychological 97.00 mark. A sustained break above this zone could open the way for further gains. On the downside, 96.60–96.70 remains the immediate support area, while a decisive break below it could drag the pair toward 96.30–96.40. The daily RSI has climbed above 70, signalling overbought conditions and raising the possibility of near-term consolidation or profit-taking despite strong bullish momentum. The rupee has remained under pressure from a firm U.S. dollar and U.S. 10-year Treasury yields near 5.3%. Brent crude trading above $100 a barrel has added to the pressure by widening India’s import bill. Overall, the bias remains positive for USD/INR, indicating continued weakness in the rupee, although the pace of gains could moderate near current levels: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 8:34 am IST
Live Oil Prices Today: Will US WTI Crude Oil Futures Hit Below $85 This Week?
WTI Crude Oil closed the week near $91.67, holding in a tight range after dipping to $86.86. Immediate resistance is placed at $92–$94, followed by $95. A sustained move above these zones could revive the broader uptrend. On the downside, $91 remains the immediate support, while a break below this level could drag prices toward $87–$88. The weekly candle shows a long lower wick, indicating buying on dips, though price remains range-bound below $95. Crude stayed supported by Strait of Hormuz disruption risks and a widening conflict in Yemen. Brent traded above $100 midweek. A firmer dollar and high Treasury yields capped further gains. The trend remains in a consolidation phase with a positive bias as long as prices hold above the $87–$88 support zone: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 7:55 am IST
Live Gold Rates Today: SPOT Gold Weekly Outlook
COMEX Gold ended the week with a rebound near $4,216, bouncing from a two-month low around $4,091. Immediate resistance is placed at $4,270–$4,300, followed by $4,400–$4,430. A sustained move above these zones would be needed to reverse the recent downtrend. On the downside, $4,170–$4,200 remains the immediate support zone, while a break below this area could drag prices toward $4,070–$4,100. The weekly candle shows a long lower wick near the $4,100 support, indicating buying interest on dips, though RSI and MACD remain subdued. Gold hit a two-month low midweek as the 10-year US yield held near 5.3%. It then recovered after a weak September payrolls print (+29,000) cut October Fed-hike odds to around 18% and a strong 30-year Treasury auction eased yields. Some Fed officials continue to signal the possibility of further rate hikes, with markets pricing in an 82% probability of a December increase. Overall, the near-term bias points to a cautious recovery, with a sustained move above $4,300 needed to confirm a trend reversal: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 7:55 am IST
Live Silver Rates Today: Spot Silver Weekly Outlook
COMEX Silver closed the week near $61.05, recovering from a low of $58.73 as buyers stepped in around support. Immediate resistance is placed at $61.50–$62.00, followed by $63.50–$64.00. A sustained move above these zones could improve recovery momentum. On the downside, $59.00–$59.50 remains the immediate support zone, while a break below this area could drag prices toward $57.00–$57.50. The weekly candle shows a long lower shadow, suggesting the sell-off is losing steam, though momentum indicators remain in negative territory. Silver tracked gold’s pattern this week, slipping early on elevated Treasury yields and a firm dollar before rebounding on Friday as the strong 30-year auction pulled yields lower. Overall, the trend stays weak but stabilizing, with a move above $62.00 needed to signal a meaningful recovery: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 7:54 am IST
Live Gold Rates Today: MCX Gold Price Outlook For October 12-16
MCX Gold ended the week on a firmer note near ₹1,51,499, recovering sharply from a weekly low of ₹1,47,916. Immediate resistance is placed at ₹1,52,000–₹1,52,600, followed by ₹1,54,000–₹1,54,700. A sustained move above these zones could improve recovery momentum and pave the way toward the ₹1,54,000 mark. On the downside, ₹1,50,000–₹1,50,700 remains the immediate support zone, while a break below this area could drag prices toward ₹1,47,300–₹1,48,000. The weekly candle shows a long lower wick near ₹1,48,000, reflecting strong dip-buying, and RSI has stabilized near 52. The recovery followed global gold’s rebound as weak US jobs data and easing Treasury yields reduced Fed-hike expectations. The rupee’s slide to record lows near 96.8 per dollar added domestic support. The near term bias remains mildly positive, with sustained strength above ₹1,52,600 needed for a stronger upmove: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 7:53 am IST
Live Silver Rates Today: MCX Silver Price Technical Outlook For The Week
MCX Silver ended the week little changed near ₹2,25,755, after a sharp dip toward ₹2,19,800 was bought into. Immediate resistance is placed at ₹2,28,000–₹2,29,000, followed by ₹2,32,000–₹2,33,000. A sustained move above these zones could improve recovery momentum. On the downside, ₹2,23,000–₹2,24,000 remains the immediate support zone, while a break below this area could drag prices toward ₹2,19,000–₹2,20,000. The weekly candle shows a doji-like structure with a long lower shadow, indicating rejection of the ₹2,20,000 zone, though MACD remains negative. Global silver rebounded on Friday as easing US yields and a softer dollar offset earlier-week pressure, with a weaker rupee providing partial support domestically. The trend remains weak but is stabilizing, with a close above ₹2,29,000 needed to signal a meaningful recovery: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 7:53 am IST
Live Oil Prices Today: Will MCX Crude Rally Or Fall This Week? Check Target
MCX Crude Oil ended the week marginally lower near ₹8,881, after recovering from a low of ₹8,388. Immediate resistance is placed at ₹9,000, followed by ₹9,200–₹9,300. A sustained move above ₹9,000 could extend gains toward ₹9,300. On the downside, ₹8,700–₹8,800 remains the immediate support zone, while a break below this area could drag prices toward ₹8,400–₹8,500. The weekly candle shows a long lower wick, reflecting buying interest on dips, with RSI neutral near 55 and MACD still positive. Crude stayed elevated this week, with Brent back above $100 midweek amid persistent Strait of Hormuz risk and a widening conflict in Yemen. A weaker rupee near record lows added to the domestic price. The trend remains range-bound with a positive bias while ₹8,700 holds: Ponmudi R, CEO of Enrich Money.
Oct 12, 2026, 7:20 am IST
Live Silver Rates Today: Spot Silver Jumps 1%
Spot silver rose nearly 1% to hold above $61 per ounce. Investors will watch out for key US inflation figures this week that could offer fresh clues on the Federal Reserve’s next policy move.
Oct 12, 2026, 7:20 am IST
Live Gold Rates Today: Spot Gold Surges Above $4,200
Gold prices climbed above $4,200 an ounce on Monday, extending gains for a third straight session as falling oil prices, driven by hopes that Russian diesel supplies could ease global fuel shortages, helped alleviate inflation concerns, as per Trading Economics.
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