Gold & Silver Rates Today (5.8.2026) LIVE: MCX Gold Up Rs 2,000, Silver Jumps Rs 4,500 On Softer Dollar, Oil

Gold rates and silver rates in India soared sharply on Wednesday amidst RBI's policy outcomes and positive global cues. MCX gold price surged nearly 1% to trade above Rs 1.45 lakh mark, while MCX silver price zoomed by over 1% as well to climb over Rs 2.24 lakh mark. Both precious metals are trading at their day's highs.

Spot gold is steady around $4,100 per ounce, while spot silver surged near $61 per ounce. This is due to a sharp decline in Brent crude to below $79 per barrel after Qatar signaled that US and Iran's peace talks are progressing.

Investors remained cautious while assessing reports of an imminent deal to reopen the Strait of Hormuz, which could ease inflation concerns and lower the likelihood of near-term Federal Reserve interest rate hikes. On Tuesday, Qatar said an interim proposal had been prepared, while both Washington and Tehran signaled progress in negotiations to reopen Hormuz, triggering a sharp decline in oil prices. Markets trimmed expectations for a September Fed rate hike to around 57%, down from 67% a day earlier. Investors are now awaiting a fresh batch of US labor market data for further clues on the Fed's policy outlook, with ADP's July private payrolls report due later today. Meanwhile, gold-backed exchange-traded funds in China continued to attract inflows as institutional investors maintained support for bullion above the key $4,000-an-ounce level, as per Trading Economics.

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Aug 05, 2026, 3:07 pm IST

Live Gold Silver Rates Today: Why Gold Silver Prices Are Rallying?

Gold and Silver prices climbed on reports of a possible deal to reopen the Strait of Hormuz, easing inflation concerns and reducing near-term Fed rate-hike expectations. Qatar cited progress in U.S.-Iran mediation, though Tehran denied Trump's claim that talks were underway. New York Fed's John Williams said inflation is gradually easing but reaffirmed readiness to hike rates if pressures persist; markets await ADP's July payrolls data for further cues. Technically, if Gold sustains above $4200 (~ ₹1,46,000), it may fuel a rally toward $4,500 (~ ₹1,55,000). While for Silver, a decisive push above $63 (~ ₹2,30,000) could drive prices toward $70–71 (~ ₹2,50,000–2,55,000): Prithviraj Kothari, Managing Director at RiddiSiddhi Bullions Ltd.

Aug 05, 2026, 3:07 pm IST

Live Gold Silver Rates Today: MCX Gold & Silver Price Extend Gains

MCX gold price skyrocketed by nearly Rs 2,000 or 1.4% to trade around Rs 1,46,300 per 10 grams after hitting an intraday high of Rs 1,46,725 per 10 grams. While MCX silver price zoomed by Rs 4,500 or 2.03% to trade above Rs 2,26,100 per 1Kg, after hitting an intraday high of Rs 2,27,142 per 1Kg after RBI policy outcomes. The performance is nearing its closing bell for the day-time session.

Aug 05, 2026, 10:13 am IST

Live Gold Silver Rates Today: RBI Pauses On Rates

The Reserve Bank of India (RBI)'s Monetary Policy Committee kept the repo rate unchanged at 5.25%, announced the RBI Governor Sanjay Malhotra, on Wednesday, August 5. The status quo move came after the completion of a three-day policy meeting which started earlier this week.

Aug 05, 2026, 10:13 am IST

Live Gold Silver Rates Today: MCX Gold Holds Above Rs 1.45 Lakh, Silver Price Up 1%

MCX gold and silver price continued to rally after RBI keeps repo rate unchanged. At the time of writing, MCX gold surged by Rs 1,103 or 0.8% to trade around Rs 1,45,402 per 10 grams which is near its day's high of Rs 1,45,459 per 10 grams. Meanwhile, MCX silver price zoomed by Rs 2,357 or 1.06% to trade around Rs 2,23,972 per 1Kg, although pulling back from its intraday high of Rs 2,24,254 per 1Kg.

Aug 05, 2026, 9:48 am IST

Live Gold Silver Rates Today: Why Bullion Market Is Rising?

The recovery in bullion remains modest as investors await fresh macroeconomic triggers. Market participants are now closely focused on the upcoming US Non-Farm Payrolls, Unemployment Rate, and other key employment data, which could significantly influence the Federal Reserve's interest rate outlook and the direction of the US dollar. Domestic gold prices will also continue to take cues from rupee movements, alongside global bullion trends. Technically, MCX Gold is expected to trade in the ₹1,42,500–1,44,500 range in the near term: Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities.

Aug 05, 2026, 9:46 am IST

Live Gold Rates Today: MCX Gold Price Zooms Nearly Rs 1,200

MCX gold price climbed nearly Rs 1,200 to trade around Rs 1,45,500 per 10 grams mark. Currently, bullion is trading near its day's high due to strong buying trend in global market. Spot gold has reclaimed above $4,100 mark.

Aug 05, 2026, 9:46 am IST

Live Silver Rates Today: MCX Silver Jumps Rs 2,500

MCX silver price advanced by nearly Rs 2,500 to trade above Rs 2.24 lakh per 1Kg mark. Silver touched an intraday high of Rs 2,24,254 per 1Kg in the opening bell.

Aug 05, 2026, 9:46 am IST

Live Gold Silver Rates Today: Commodities Show Mixed Trend At MCX

At MCX, gold, silver, zinc, natural gas and lead are trading high. However, precious metals like gold and silver are top gainers. On the contrary, MCX crude oil and Cardamom futures plunged the most by 1.5% to 2%.

Aug 05, 2026, 8:59 am IST

Live Silver Rates Today: Spot Silver Nears $61

Silver climbed is nearing $61 an ounce on Wednesday. As per Trading Economics, on Tuesday, Qatar said an interim proposal had been prepared, while both Washington and Tehran signaled progress in negotiations to reopen Hormuz, triggering a sharp decline in oil prices. Markets trimmed expectations for a September Fed rate hike to around 57%, down from 67% a day earlier.

Aug 05, 2026, 8:59 am IST

Live Gold Rates Today: Spot Gold Steady Above $4,100

Gold steadied near $4,100 an ounce on Wednesday as investors remained cautious while assessing reports of an imminent deal to reopen the Strait of Hormuz, which could ease inflation concerns and lower the likelihood of near-term Federal Reserve interest rate hikes, as per Trading Economics.