Gold price today surged above ₹1.50 lakh per 10 grams on MCX, while silver jumped sharply. Check August 7, 2026 gold and silver rates across major cities.
The Gold Price Today trend remained firmly positive on Friday, August 7, 2026, with gold futures on the Multi Commodity Exchange (MCX) moving above the Rs 1.50 lakh mark per 10 grams. Silver also recorded a sharp rise, gaining more than Rs 6,000 per kg during the session.
The precious metals market received support from a softer US dollar and renewed safe-haven demand amid fresh concerns surrounding tensions in the Strait of Hormuz. Gold continued to trade close to its recent seven-week high after a strong breakout earlier in the week.
Gold Price Today on MCX
The October 2026 gold contract on MCX opened at Rs 1,49,355 per 10 grams, compared with the previous close of Rs 1,48,858. The contract initially gained Rs 536 before moving higher during the session.
Gold subsequently touched an intraday high of Rs 1,50,487 per 10 grams. At the latest reported level in the data, the October contract was trading around Rs 1,50,217, reflecting a gain of Rs 1,359.
The December 2026 gold futures contract was also strong, trading at Rs 1,51,636 per 10 grams after rising Rs 1,687, or 1.13 per cent.
Why Is Gold Rising?
Market sentiment around gold has improved amid renewed demand for safe-haven assets. A weaker dollar has also supported the precious metal by making dollar-denominated gold relatively attractive.
According to market analysis cited in the supplied data, the immediate resistance zone for MCX gold is around Rs 1,50,000–Rs 1,50,700. A sustained move above this range could potentially take prices towards the Rs 1,52,200–Rs 1,52,800 zone.
On the downside, Rs 1,48,600–Rs 1,48,000 is being watched as an immediate support area. Market expert Ponmudi R, CEO of Enrich Money, said the medium-term trend remains constructive as gold continues to hold above key moving averages.
Silver Price Today on MCX
Silver futures also extended their gains on Friday. The September 4, 2026 silver contract opened at Rs 2,27,993 per kg, compared with the previous close of Rs 2,25,836.
The contract later moved sharply higher, reaching Rs 2,32,786 per kg. At the latest reported level, silver was trading around Rs 2,32,180 per kg, representing a gain of Rs 6,344, or 2.81 per cent.
The strong movement in silver added further momentum to the broader precious-metals market.
Gold Price Today in the International Market
Gold prices were also trading higher in international markets. COMEX gold gained around 1.19 per cent to approximately $4,318.90 per troy ounce.
Spot gold was quoted at around $4,285.95 per ounce at 12:50 pm, up $44.69, or 1.05 per cent, according to the supplied market data.
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Gold Rates in Major Indian Cities
The Gold Price Today varies across cities depending on factors such as local taxes, making charges and other market considerations. The reported retail rates are:
Delhi: 24-carat gold – Rs 1,50,040 per 10 grams; 22-carat – Rs 1,37,550.
Mumbai: 24-carat gold – Rs 1,49,890 per 10 grams; 22-carat – Rs 1,37,400.
Kolkata: 24-carat gold – Rs 1,49,890 per 10 grams; 22-carat – Rs 1,37,400.
Chennai: 24-carat gold – Rs 1,50,000 per 10 grams; 22-carat – Rs 1,37,500.
Silver Rates in Major Cities
Silver prices were also elevated across major Indian markets:
Delhi: Rs 2,40,000 per kg
Mumbai: Rs 2,40,000 per kg
Kolkata: Rs 2,40,000 per kg
Chennai: Rs 2,50,000 per kg
What Should Investors Watch Next?
The Gold Price Today outlook remains closely linked to global currency movements, geopolitical developments and safe-haven demand. Traders will also keep an eye on key technical levels around Rs 1.50 lakh on MCX.
A decisive move above the resistance zone could strengthen the bullish momentum, while a fall below important support levels could trigger some short-term profit booking.
For consumers, it is important to remember that jewellery prices can differ from quoted bullion rates because of making charges, GST and other applicable costs. Investors and buyers should therefore check the latest live rates before making any purchase decision.
Gold Price Today: Key Takeaway
The latest market movement shows strong momentum in precious metals, with MCX gold moving above Rs 1.50 lakh per 10 grams and silver gaining sharply. The Gold Price Today movement will remain sensitive to global economic signals, currency trends and geopolitical uncertainty.
With gold holding above key technical levels and silver also seeing strong buying interest, precious metals remain firmly in focus among Indian consumers and market participants.
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