Gold Rates & Silver Rates Today (31/08/2026) LIVE: Spot Gold Falls 1%, Silver Crashes As Rate Hike Odds Rise

Gold rates and silver rates in India are likely to be under pressure on August 31, 2026, due to steep selloffs in the global bullion market. Spot gold dropped over 1% to trade around $4,400 per ounce and spot silver slipped below $66 per ounce. This is an extension from last week's selloffs after US Federal Reserve's chair Kevin Warsh turned hawkish in his remarks at Jackson Hole summit.

Warsh warned that inflation is not easing significantly and reaffirmed the central bank's commitment to bringing inflation back to its 2% target, while noting that financial conditions are not currently restrictive. Markets are now pricing in around a 57% chance of a 25-basis-point Fed rate hike in September, up sharply from roughly 40% a week earlier. Gold also remained pressured by rising oil prices after the US military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz, marking the first such attack in more than a month. Still, the metal is on track to gain over 10% for the August, driven in large part by the so-called debasement trade, as per Trading Economics.

On the other hand, crude oil prices gained momentum. US WTI crude is higher by 3% to trade around $85.5 per barrel and Brent crude surged nearly 3% to around $90.5 per barrel. Gasoline prices are up 1%.

LIVE Feed

Aug 31, 2026, 9:06 am IST

Live Silver Rates Today: Spot Silver Struggles To Hold $66

Spot silver price crashed to trade around $65 per ounce before recovering some momentum. At the time writing, spot silver traded muted to around $66.13 per ounce. As per Trading Economics, Silver also remained pressured by rising oil prices after the US military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz, marking the first such attack in more than a month. Still, the metal is on track to gain over 15% for the August.

Aug 31, 2026, 9:06 am IST

Live Gold Rates Today: Spot Gold Falls 1%

Spot gold price crashed severely on Monday, trading at $4,423 per ounce with 1% decline. As per Trading Economics, markets are now pricing in around a 57% chance of a 25-basis-point Fed rate hike in September, up sharply from roughly 40% a week earlier. Gold also remained pressured by rising oil prices after the US military targeted Iranian rocket launchers preparing to deploy mines into the Strait of Hormuz, marking the first such attack in more than a month. Still, the metal is on track to gain over 10% for the August, driven in large part by the so-called debasement trade.

Aug 31, 2026, 8:26 am IST

Live Silver Rates Today: MCX Silver To See Bullish Week Or Not?

MCX Silver corrected sharply this week, closing near ₹2,36,700 after a -4.01% weekly decline from the ₹2,45,892 high, with the daily candle down -1.64% as the metal gave back part of its recent gains. The weekly RSI has slipped marginally to 51.03, hovering near the midline, while the daily RSI has cooled to 52.31, reflecting fading short-term momentum after the sharp rally. Immediate resistance is placed in the ₹2,39,000–₹2,40,000 zone, followed by the next resistance zone at ₹2,44,000–₹2,45,000; a sustained close above ₹2,45,000 would be needed to resume the recovery. On the downside, immediate support lies in the ₹2,36,000–₹2,35,000 zone, with the next support near ₹2,32,000 mark; a break below ₹2,30,000 would deepen the pullback. Overall, the metal is in correction zone after a strong advance, and holding above ₹2,35,000 would keep the broader bullish structure intact heading into next week: Ponmudi R, CEO of Enrich Money.

Aug 31, 2026, 8:25 am IST

Live Silver Rates Today: Spot Silver's Technical Target This Week

COMEX Silver eased this week, closing below $68.000 after tagging a high of $72.050, with the daily candle down -2.37% as the metal cooled off from stretched conditions. The weekly RSI held up relatively well at 50.85, but the daily RSI has dropped to 58.58, reflecting a loss of short-term momentum after the sharp run-up. Immediate resistance is placed in the $70.000–$70.500 zone, followed by the next resistance zone at $72.000–$72.500; a sustained close above $72.500 would be needed to revive the breakout attempt. On the downside, immediate support lies in the $65.500–$65.000 zone, with the next support at $63.300–$62.800 a break below $65.000 would signal deeper profit-booking. Overall, the pullback looks corrective in nature so far, and buyers stepping in around $65.000–$65.500 would keep the broader recovery structure intact: Ponmudi R, CEO of Enrich Money.

Aug 31, 2026, 8:25 am IST

Live Gold Rates Today: How Will MCX Gold Perform This Week?

MCX Gold retreated this week, closing at ₹1,56,281 after a sharp -3.79% weekly decline from the ₹1,64,773 high, with the daily candle also down -1.71% as the recent rally paused for breath. The weekly RSI has eased to 57.67 but remains broadly steady, while the daily RSI has cooled sharply to 55.62, unwinding the overbought conditions seen earlier in the rally. Immediate resistance is placed in the ₹1,59,200–₹1,60,000 zone, followed by the next resistance zone at ₹1,62,000–₹1,62,600; a sustained close back above ₹1,64,300-₹1,65,000 would be needed to resume the uptrend. On the downside, immediate support lies in the ₹1,56,200–₹1,55,500 zone, with the next support at ₹1,53,300–₹1,52,600; a break below ₹1,55,500 would extend the current correction. Overall, this pullback appears to be a natural pause after a steep rally, and the immediate support zone will be the key level to watch for buyers to step back in: Ponmudi R, CEO of Enrich Money.

Aug 31, 2026, 8:25 am IST

Live Gold Rates Today: Spot Gold Weekly Outlook For August 31-September 4

COMEX Gold pulled back sharply this week, closing near $4,530 after slipping from the $4,755.0 high, with the daily candle down -2.88% on profit-taking after the recent breakout. The weekly RSI has firmed to 54.10, keeping the broader trend intact, but the daily RSI has cooled sharply to 57.12, unwinding the overbought stretch and signalling near-term correction. Immediate resistance is placed in the $4,600–$4,630 zone, followed by the next resistance zone at $4,720–$4,750; a sustained close back above $4,750 would be needed to resume the uptrend. On the downside, immediate support lies in the $4,500–$4,470 zone, with the next support at $4,400–$4,370; a break below $4,470 would deepen this week's corrective move. Overall, this looks like a healthy pullback within a broader uptrend rather than a trend reversal, and how price behaves around the $4,500–$4,470 support will be key for next week's direction: Ponmudi R, CEO of Enrich Money.