Gold Rates & Silver Rates Today (6.10.2026) Live: Spot Gold, Silver Nears 2-Month Low; MCX Gold Dip Mildly

Gold rates and silver rates in India are trading under pressure on Tuesday, as the market is predicting a 25 basis points rate hike from the RBI, which will end 11-month-long dovish policy cycle. Also, the global bullion market is currently facing selloffs, also impact both MCX gold and MCX silver. In the early trade, MCX gold price held below Rs 1.50 lakh mark and MCX silver struggled to retain Rs 2.27 lakh level. Both the precious metals are marginally down.

The Reserve Bank of India (RBI) is facing a difficult situation in the October 2026 policy due to a challenging macro environment, elevated crude oil prices, and rising treasury yields. Choosing between a rate hike or status quo will have a substantial impact on financial markets, including savings, borrowings, and, most importantly, inflation. The market is predicting RBI to follow in the footsteps of the US Federal Reserve and announce a 25 basis point hike.

In the global market, spot gold is currently near 2-month low to trade below $4,150 per ounce due to rising dollar and treasury yields, which has made non-yielding assets like gold less attractive. Spot silver also traded lower to below $61 per ounce. The dollar is at its highest level since April 2025, while US 10 year and 30-year treasury yield surged to 24-month high, mounting fiscal risks and inflation concerns.

ISM data showed that cost pressures in the US services sector increased at the fastest pace in more than four years last month. Meanwhile, markets are pricing in roughly a 78% probability that the Fed will keep interest rates unchanged this month following weaker-than-expected US jobs data. Elsewhere, oil prices declined on signs of increased supply from the Middle East, easing concerns over inflation and higher interest rates, as per Trading Economics.

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Oct 06, 2026, 11:02 am IST

Live Oil Prices Today: What Is Impacting Crude Oil Prices Today?

MCX Crude oil prices trading down as markets weighed recovering Middle East exports against renewed geopolitical risks. Saudi Arabia’s East-West pipeline is operating normally, while Aramco cut November Arab Light prices for Asian buyers to $5 below the regional benchmark. However, WTI crude prices are still above 100$ due to uncertainty surrounding hormuz, tanker, insurance and refining bottlenecks continue to support prices. Meanwhile, Saudi-backed forces launched a military operation against Houthis in Yemen, adding fresh supply-risk concerns: Pinky Yadav, Commodity Fundamental Analyst.

Oct 06, 2026, 11:02 am IST

Live Gold Rates Today: What Is Impacting Gold?

Gold prices remained steady on MCX while COMEX gold stayed below $4,150, near two-month lows. A stronger US dollar driven by euro weakness and 24-year high Treasury yields weighed on bullion, offsetting support from soft US jobs data and a 78% probability of no October Fed rate hike. Although US ISM data signaled accelerating service-sector inflation, falling oil prices on increased Middle East supply helped ease broader rate hike fears: Pinky Yadav, Commodity Fundamental Analyst.

Oct 06, 2026, 9:27 am IST

Live Silver Rates Today: MCX Silver Dips Rs 300

MCX silver price also tracked the selling pressure in spot silver which neared its 2-month low. MCX silver is currently down by Rs 297 or 0.13% to trade around Rs 2,25,790 per 1 Kg, which is near its intraday low of Rs 2,25,127 per 1Kg.

Oct 06, 2026, 9:27 am IST

Live Gold Rates Today: MCX Gold Mildly Down

MCX gold price traded mildly lower but below Rs 1.50 lakh mark. At the time of writing, MCX gold was down by Rs 46 or 0.03% to trade around Rs 1,49,270 per 10 grams. The bullion has touched an intraday low of Rs 1,48,901 per 10 grams.

Oct 06, 2026, 9:20 am IST

Live Silver Rates Today: Spot Silver Below $61 Per Ounce

Spot silver plunged below $61 per ounce and performed close to 2-months low. As per Trading Economics, markets are pricing in roughly a 78% probability that the Fed will keep interest rates unchanged this month following weaker-than-expected US jobs data. Elsewhere, oil prices declined on signs of increased supply from the Middle East, easing concerns over inflation and higher interest rates.

Oct 06, 2026, 9:20 am IST

Live Gold Rates Today: Spot Gold Hits 2-Month Low

Gold held below $4,150 an ounce on Tuesday, pinned near two-month lows as a stronger dollar and surging Treasury yields outweighed support from softer US jobs data and reduced expectations for an October rate hike by the Federal Reserve. The dollar strengthened largely as the euro weakened amid rising political uncertainty and fiscal concerns across Europe. Treasury yields also climbed to fresh 24-year highs as the global bond selloff continued, driven by mounting fiscal risks and persistent inflation concerns, as per Trading Economics.