Gold Rates & Silver Rates Today (31/07/2026) LIVE: MCX Gold & Silver Price Falls On Last Trading Day Of July; Know 24K, 22K, 18K Gold Prices

Gold rates and silver rates in India traded volatile at MCX during the last trading day of July month. On Friday, MCX gold price slipped and hovered around Rs 1,42,600 per 10 grams mark, while the MCX silver price stood around Rs 2,19,200 per 1Kg. This is due to weak trend in global bullion market. Spot gold and spot silver are down by 1% each and struggling around $4,075 per ounce and $58.4 per ounce respectively.

Precious metals slipped despite bearish trend in crude oil prices. US WTI Crude Oil dropped nearly 3% to trade below $81.50 per barrel and BRENT Crude is down 2.30% to trade below $85 per barrel. Gasoline futures are down 2%. On the contrary, copper and natural gas futures in global market traded higher by 1% each.

Despite the latest trend, safe haven assets have found support this week after US Federal Reserve kept key fund rates unchanged amidst inflation pressures and energy crisis stemming from West Asia conflict.

However, expectations for tighter monetary policy continued to cap gains, with markets currently pricing in about a 63% chance of a Fed rate hike in September. Meanwhile, the US military launched fresh strikes on Iranian targets in retaliation for Tehran's attacks on US assets across the Middle East, reducing the likelihood of any near-term diplomatic agreement. Gold has come under constant pressure since the US-Iran war erupted in late February, as surging oil prices fueled inflation concerns and strengthened expectations for tighter monetary policy, as per Trading Economics.

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Jul 31, 2026, 11:39 am IST

Live Gold Rates Today: COMEX Gold Support And Resistance Ahead

COMEX Gold opened at ,163.9 and has pulled back, down 0.69% on the day, retracing part of the past week's rally. The daily chart shows price cooling off from resistance after a strong two-session bounce, now consolidating below recent highs. Immediate support is at ,090-4,070, with next support at ,000-3,980, the key psychological base. On the upside, immediate resistance is at ,160-4,180, and a break above targets next resistance at ,220-4,240. Gold's pullback comes after a strong run driven by dollar weakness. Overall, bias stays cautious, with a hold needed to sustain the recovery toward ,180; a break below risks a slide back toward ,000: Ponmudi R, CEO of Enrich Money.

Jul 31, 2026, 11:39 am IST

Live Gold Rates Today: MCX Gold Technical Targets Ahead

MCX Gold opened with a gap up near ₹144,000 mark, up 0.58% on the day, extending the recovery seen over the past few sessions. The daily chart shows price climbing out of its recent consolidation zone. Immediate support is at ₹143,300-143,000, with next support at ₹142,300-142,000. On the upside, immediate resistance is at ₹144,000-144,300, and a break above targets next resistance at ₹145,300-145,700. Gold's firmer tone tracks the global recovery, aided by dollar weakness. Overall, bias stays constructive, with a sustained move needed to clear ₹144,300 and open the path toward higher levels; a slip below ₹143,000 would weaken the recovery: Ponmudi R, CEO of Enrich Money.

Jul 31, 2026, 11:38 am IST

Live Silver Rates Today: COMEX Silver To Hit Mark?

COMEX Silver opened on a steady note but has pulled back to .600 mark, giving back part of the recovery seen in the previous session. The daily chart shows price consolidating in a choppy range after finding support near .000, with sellers stepping in around the .500 mark. Immediate support is at .500-57.000, with next support at .500-55.000. On the upside, immediate resistance is at .500-61.000, and a break above targets next resistance at .000-63.500. Silver's softer tone today mirrors the pullback in gold, with risk-off positioning and dollar dynamics weighing on the broader precious metals complex, even as the metal's longer-term case stays supported by resilient industrial demand and a structural supply deficit. Overall, bias stays cautious, with a hold above .000 needed to keep the recovery intact; a break below risks a slide back toward .000: Ponmudi R, CEO of Enrich Money.

Jul 31, 2026, 11:38 am IST

Live Silver Rates Today: MCX Silver's Near Term Outlook

MCX Silver opened at ₹218,769 and is holding above ₹219,000, consolidating after finding support near ₹214,000-215,000 on the daily timeframe. The daily chart shows price recovering in a choppy range. Immediate support is at ₹218,000-217,000, with next support at ₹215,000-214,000. On the upside, immediate resistance is at ₹221,000-222,000, and a break above targets next resistance at ₹224,000-225,000. Silver is trading softer even as gold trades firmer today, reflecting some profit-booking after recent gains and silver's greater sensitivity to industrial-demand sentiment, even as the metal's longer-term case stays supported by resilient industrial demand and a structural supply deficit. Overall, bias stays cautious, with a hold above ₹218,000 needed to keep the recovery intact; a break below risks a slide back toward ₹215,000: Ponmudi R, CEO of Enrich Money.

Jul 31, 2026, 11:38 am IST

Live Oil Prices Today: MCX Crude Oil's Bulls & Bear Case

MCX Crude Oil opened with a gap-down and is currently trading near the ₹7,860 mark, reflecting softer global crude prices despite continued geopolitical tensions in the Middle East. Technically, the ₹7,840–7,810 zone remains the immediate support. Holding above this region will be crucial to prevent further downside, while a decisive break below ₹7,810 could drag prices towards the ₹7,700–7,650 zone. On the upside, ₹8,000 is the immediate resistance, followed by the ₹8,080–8,150 zone. A sustained move above ₹8,000 would be required to revive bullish momentum and support a recovery towards the ₹8,150–8,200 region. Overall, the near-term outlook remains cautiously bearish, with price action likely to remain volatile as traders continue to track geopolitical developments and global crude oil trends: Ponmudi R, CEO of Enrich Money.

Jul 31, 2026, 11:34 am IST