Gold rates and silver rates in India erased its early gains to trade under pressure on August 27, with MCX gold price falling below Rs 1.60 lakh mark with marginal downside. Meanwhile, MCX silver also slipped below Rs 2.40 lakh mark. Both gold futures and silver futures have touched an intraday low of Rs 1,56,692 per 10 grams and Rs 2,36,878 per 1Kg before recovering some losses. The trajectory for precious metals is cautious and volatile.
In the early trade of Thursday, spot gold surged 1% to trade at $4,630 per ounce and spot silver outperformed with 2% gains to trade above $69 per ounce. This is due to a sharp correction in crude oil prices.
Brent crude and US WTI crude oil have plunged 1% each to trade around $87.25 per barrel and $81.70 per barrel.
Notably, precious metals gained despite the latest US PCE prices index rising above expectations by 0.1% to 3.7% in July 2026, which continues to remain above Fed's target, signaling bullish trajectory for interest rates.
Investors now turn to Fed Chair Kevin Warsh's speech at the annual Jackson Hole symposium on Friday, although he is not expected to offer clear guidance on the central bank's September policy decision. Meanwhile, gold hovered near its highest level in three months as the so-called debasement trade continued to provide support, with investors hedging against risks of a US debt crisis and a weaker dollar. Elsewhere, China's net gold imports through Hong Kong rose around 11% month-over-month in July, supported by stronger investment demand, as per Trading Economics.
Among other commodities, natural gas price extends its rally to gain by 2%, while gasoline futures crashed nearly 2%.
Furthermore, the 10-year US treasury yield surged for second session in a row to 4.66% after the PCE index data. Also, 30-year US Treasury bond surged to above 5.2%, the highest since 2007. Also, the US dollar index stayed firmer at 99, after gains in the previous session.
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Aug 27, 2026, 1:24 pm IST
Live Silver Rates Today: Where is MCX Silver Headed?
MCX Silver opened on a steady note at ₹2,42,999 and is trading near ₹2,41,000, up 0.57%. The broader structure remains intact, with price holding above its 20/50/100/200-day EMAs. Immediate resistance is at the ₹2,44,000–₹2,45,000 zone, followed by ₹2,48,500–₹2,50,000. Immediate support is at the ₹2,40,000–₹2,39,000 zone, followed by ₹2,36,000–₹2,35,000. RSI at 57.56 remains in positive territory but below its recent highs, indicating that momentum has moderated despite the broader bullish structure. Bias remains cautiously positive, with prices needing to sustain and move above ₹2,45,000 to strengthen the upside momentum and open the way toward ₹2,48,500–₹2,50,000, while a decisive break below ₹2,39,000 could resume weakness toward ₹2,36,000–₹2,35,000: Ponmudi R, CEO of Enrich Money.
Aug 27, 2026, 1:24 pm IST
Live Gold Rates Today: Will MCX Gold Hold Below Rs 1.59 Lakh Mark Ahead?
MCX Gold opened on a steady note at ₹1,60,499 and is holding above ₹1,60,000, up 0.35%. The broader structure remains intact, with price trading well above its 20/50/100/200-day EMAs. Immediate resistance is at the ₹1,62,000–₹1,62,500 zone, followed by ₹1,64,500–₹1,65,000. Immediate support is at the ₹1,60,000–₹1,59,500 zone, followed by ₹1,58,200–₹1,57,600. RSI at 65.93 remains bullish, although it has eased from the overbought region, suggesting some moderation in momentum after the recent sharp rally. Bias remains cautiously positive, with prices needing to reclaim and sustain above ₹1,62,000 to strengthen the upside momentum, while a decisive break below the near-term support zone could resume the corrective move toward ₹1,58,200–₹1,57,600: Ponmudi R, CEO of Enrich Money.
Aug 27, 2026, 1:24 pm IST
Live Silver Rates Today: MCX Silver Under Pressure Too
MCX silver is also trading under pressure. At the time of writing, MCX silver fell by Rs 138 to trade around Rs 2,39,500 per 1Kg, after hitting an intraday low of Rs 2,36,878 per 1Kg.
Aug 27, 2026, 1:24 pm IST
Live Gold Rates Today: MCX Gold Falls, Erases Early Gains
At the time of writing, around 1:15 pm, MCX gold price erased its early gains to trade below Rs 1.60 lakh mark. MCX gold is down by Rs 316 to trade at Rs 1,59,347 per 10 grams. Notably, gold has touched an intraday low of Rs 1,56,692 per 10 grams.
Aug 27, 2026, 9:51 am IST
Live Gold Rates Today: MCX Gold Reclaims Rs 1.60 Lakh Mark
MCX gold price has reclaimed above Rs 1.60 lakh mark after it ended at Rs 1,59,663 per 10 grams in the previous session. The 10 grams bullion is currently marginally up by Rs 486 to trade at Rs 1,60,149 per 10 grams, after hitting an intraday high of Rs 1,60,898 per 10 grams in the opening bell of Thursday.
Aug 27, 2026, 9:51 am IST
Live Silver Rates Today: MCX Silver Recovers To Hit Above Rs 2.40 Lakh Mark
MCX silver price regained momentum after falling sharply below Rs 2.40 lakh mark in the previous session. On Thursday, MCX silver jumped at least by Rs 1,000 to trade around Rs 2,40,625 per 1Kg. In the opening bell of August 27, silver touched an intraday high of Rs 2,42,999 per 1Kg.
Aug 27, 2026, 9:51 am IST
Live Gold Rates Today: Spot Gold Up 1%
Spot gold traded higher by 1% to around $4,625 per ounce on Thursday. As per Trading Economics, spot gold recovered most of the previous session’s losses as investors continued to weigh the outlook for Federal Reserve monetary policy ahead of a key meeting next month.
Aug 27, 2026, 9:50 am IST
Live Silver Rates Today: Spot Silver Outperforms
Spot silver climbed nearly 2% to trade above $69 per ounce mark. As per Trading Economics, precious metals remained supported by the so-called debasement trade, as investors sought protection against the risk of a US debt crisis and a weaker dollar. Silver also benefited from robust industrial demand tied to the green energy transition, photovoltaic solar panels, electric vehicles and artificial intelligence data center infrastructure.
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