Gold Rates & Silver Rates Today (27/07/2026) LIVE: MCX Gold & Silver Price Corrects Mildly But Stays Positive

Gold rates and silver rates in India jumped sharply on Monday, tracking strong buying interest in international bullion market. In the opening bell, MCX gold price touched an intraday high of Rs 1,43,899 per 10 grams, moving closer to Rs 1.44 lakh mark. While MCX silver soared by Rs 2,217 or 1% to trade around Rs 2,24,500 per 1Kg. Both precious metals are indicating at bullish trend today.

The reason behind the uptrend is the pause between US and Iran's hostilities of over 2 weeks. The US and Iran refrained from attacking each other, and renegotiation buzzed during the weekend, turning bearish for crude oil prices but bullish for gold and silver.

In the early trade of Monday, spot gold gained by 1.31% to trade above $4,105 per ounce, while spot silver zoomed 3% to trade near $60 per ounce. On the other hand, US WTI crude oil futures dropped 6% to trade around $85 per barrel, and Brent crude also slipped by 6% to trade below $93 per barrel.

On the global front, spot gold has moved away from its nine-month low, while silver is recovering from its 8-month low.

The US suspended its nearly two-week campaign of strikes against Iran beginning late Friday without an official announcement, while Tehran said it had ended its retaliatory strikes in response and held discussions with Oman regarding the Strait of Hormuz. Precious metals struggled in recent weeks amid escalating hostilities in the Middle East, with supply disruption spreading from the Strait of Hormuz to the Red Sea. Meanwhile, the Federal Reserve is widely expected to leave interest rates unchanged on Wednesday before raising them in September, although some market participants believe the central bank could move as early as this week's meeting in response to renewed inflationary pressures, as per Trading Economics.

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