Gold Price Prediction for Tomorrow, Friday 7 August 2026: MCX Gold Holds Rs 1,42,850 at 7-Week High as Strait of Hormuz Reopening Optimism and SBI Q1 Uncertainty Balance
- August 6, 2026
- Posted by: Kunal Singla
- Category: News
MCX Gold Thu: Rs 1,42,850/10g (+Rs 500, +0.35%). COMEX: ~$4,356 (7-wk high, +1.2%). Day range: Rs 1,42,200-1,43,180. Brent $79.28 (no Iran deal). SBI Q1 Fri.
The gold price prediction for tomorrow for Friday 7 August 2026 is framed by Thursday’s weekly options expiry session where Nifty 50 settled at approximately 24,617 (flat), India VIX touched an intraday low of 10.80 (the calmest reading since Monday), Bank Nifty recovered 240 points to approximately 57,980 and Sensex gained 109 points to approximately 78,690 as IT stocks reversed Wednesday’s decline and Reliance Industries led the session. Brent crude at 79.28 US dollars (up 1.1 percent on Thursday, no formal Iran deal confirmed) and gold at 4,356 US dollars (7-week high on Strait of Hormuz reopening optimism) are the key commodity markers for Friday. The Dow Jones hit a record 54,349 on Wednesday night, providing a positive global backdrop, though South Korea’s Kospi fell 4.08 percent Thursday — the primary overnight risk for Friday. MCX Gold extended its rally to Rs 1,42,850 on Thursday, a 7-week closing high at COMEX 4,356 US dollars, driven by institutional positioning for Strait of Hormuz reopening. The gold price prediction for tomorrow balances two forces: Strait reopening optimism (mildly bearish for gold as geopolitical risk premium deflates) versus SBI Q1 FY27 uncertainty on Friday (mildly bullish for safe-haven gold if results disappoint). The gold price prediction for tomorrow is shaped above all by SBI Q1 FY27 results, with the board meeting confirmed for Friday August 7: NIM recovery above 3 percent (from Q4 FY26’s 2.93 percent) is the week’s most critical financial metric. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete gold price prediction for tomorrow.
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Thursday’s Data Behind the gold price prediction for tomorrow
| Indicator | Thursday 6 Aug Close | Change |
|---|---|---|
| Primary Level | Rs 1,42,850 per 10g | +Rs 500 (+0.35%) |
| Day Range | Rs 1,42,200-1,43,180 | Session high/low |
| Nifty 50 | ~24,617 | Flat (-0.03%) — expiry pinned near max pain 24,600 |
| Sensex | ~78,690 | +109 pts (+0.14%) — IT, Reliance led |
| Bank Nifty | ~57,980 | +240 pts (+0.41%) — private banks partial recovery |
| India VIX | ~12.06 (low 10.80) | Calmest expiry since Monday |
| Brent Crude | $79.28 (+1.1%) | No Iran deal confirmed; slight bounce from $78.44 |
| Gold | $4,356 (+1.2%) | 7-week high on Strait reopening optimism |
| Dow Jones | 54,349 record | +0.49%; strong US backdrop for Friday |
| Kospi | -4.08% | South Korean tech selloff — primary overnight risk |
| SBI Q1 FY27 | Board meeting Friday Aug 7 | NIM recovery above 3% from Q4’s 2.93% is key |
Ankit Jaiswal notes the gold price prediction for tomorrow is shaped by three converging factors for Friday: the post-expiry calmer session dynamics (weekly expiry completed today; August monthly series starts fresh Friday), SBI Q1 FY27 results as the binary domestic catalyst, and Brent crude at 79.28 US dollars still below 80 US dollars despite Thursday’s slight 1.1 percent bounce. The gold price prediction for tomorrow analysis below maps each factor to its impact on Friday’s likely range and direction.
SBI Q1 FY27 Results: The gold price prediction for tomorrow Primary Catalyst for Friday
SBI‘s board meets Friday August 7 to approve Q1 FY27 results. The most critical metric for the gold price prediction for tomorrow: domestic NIM, which compressed to 2.93 percent in Q4 FY26 below SBI’s own 3 percent guidance. Ankit Jaiswal maps the gold price prediction for tomorrow outcomes: NIM recovery above 3 percent (55 percent probability) triggers SBI up 3-5 percent and Bank Nifty above 58,400 — the primary positive catalyst across all gold price prediction for tomorrow setups on Friday. NIM below 2.95 percent (25 percent probability) would reverse Thursday’s partial banking recovery and create the gold price prediction for tomorrow bear case for banking-linked assets. Credit growth target is 13-15 percent year-on-year (system-wide 18.3 percent provides sector context), GNPA target below 2.3 percent.
Technical Levels for the gold price prediction for tomorrow
| Level Type | Zone |
|---|---|
| Immediate Support | Rs 1,42,000-1,42,300 |
| Support 2 | Rs 1,41,200-1,41,600 |
| Strong Support / 50 DMA | Rs 1,40,000-1,40,500 |
| Immediate Resistance | Rs 1,44,000-1,44,500 |
| Key Resistance | Rs 1,45,500-1,46,500 |
Kunal Singla observes that the gold price prediction for tomorrow enters Friday with India VIX at 12.06 (intraday low 10.80 Thursday), resetting from the weekly series to the August monthly series. The August monthly PCR for Nifty is approximately 1.05-1.10 with max pain near 24,500-24,600 — confirming a well-supported market floor for the gold price prediction for tomorrow. The gold price prediction for tomorrow’s Rs 1,44,000-1,44,500 is the primary resistance that SBI Q1 beat results must clear for the bullish case to be sustained through Friday’s full session.
Global Cues and Iran Deal for the gold price prediction for tomorrow
Brent crude at 79.28 US dollars on Thursday (up 1.1 percent from Wednesday’s 78.44 US dollars) signals no formal Iran-US deal was confirmed despite continued Qatar-Oman-Pakistan shuttle diplomacy. The Strait of Hormuz remains partially shut. For the gold price prediction for tomorrow, this crude price range of 78-80 US dollars is the structural neutral zone: FMCG and Auto benefit from crude still below 80 US dollars, while ONGC and upstream energy face the same Q2 realization concerns as Thursday. Gold at 4,356 US dollars (7-week high) reflects institutional positioning for Strait reopening — a structural positive for India’s macro balance of payments in this outlook context. The Dow Jones record at 54,349 is the gold price prediction for tomorrow’s primary global positive; Kospi’s 4.08 percent fall is the primary global risk. Ankit Jaiswal recommends monitoring Nikkei futures overnight: Nikkei staying above -1.5 percent confirms the gold price prediction for tomorrow Asian backdrop is stable.
Key Factors Shaping the gold price prediction for tomorrow
- COMEX Gold at 4,356 US dollars (7-week high) reflects Strait reopening positioning rather than traditional safe-haven demand — a structurally different driver that Ankit Jaiswal identifies as more fragile in this outlook if an Iran deal is confirmed overnight.
- SBI Q1 FY27 results on Friday create a secondary catalyst for the gold price prediction for tomorrow: a SBI NIM miss causing equity market selling would trigger safe-haven gold buying, providing a floor below Rs 1,42,000 in this outlook.
- The rupee at approximately 94.70 (slightly stronger than Thursday) reduces MCX Gold in rupee terms by approximately 200-250 rupees per 10 grams relative to COMEX in this outlook.
Stocks to Watch in the gold price prediction for tomorrow
Univest analysts flag the following stocks for educational observation in this outlook on Friday. These are not buy or sell recommendations.
Titan: CMP Rs 3,820. Ankit Jaiswal flags entry Rs 3,800-3,815, target Rs 3,882, SL Rs 3,768. Titan’s jewellery segment benefits from stable-to-rising gold prices in this outlook. This is a watch in this outlook.
Kalyan Jewellers: CMP Rs 394. Kunal Singla flags entry Rs 388-392, target Rs 412, SL Rs 380. Kalyan Jewellers retail demand supports stable pricing assumptions in this outlook. This is a watch in this outlook.
Muthoot Finance: CMP Rs 1,885. Ankit Jaiswal flags entry Rs 1,868-1,882, target Rs 1,932, SL Rs 1,845. Muthoot Finance gold loan AUM grows with MCX Gold at 7-week high in this outlook. This is a watch in this outlook.
Use the Univest Screener to Track the gold price prediction for tomorrow Live on Friday
Trading Strategy for the gold price prediction for tomorrow
- Check COMEX Gold above 4,360 US dollars overnight for the gold price prediction for tomorrow. Above this level confirms Thursday’s 7-week high is holding and the Strait optimism trade is intact.
- Rs 1,42,000-1,42,300 is the buy-on-dip zone for the gold price prediction for tomorrow on any morning correction from Thursday’s high.
- Rs 1,44,000-1,44,500 is the first resistance in this outlook. Ankit Jaiswal recommends booking 50 percent of longs here.
- If SBI Q1 FY27 NIM disappoints and equity markets sell off sharply, gold gets a secondary safe-haven bid that pushes the gold price prediction for tomorrow toward Rs 1,44,000 from a different driver.
Risks to the gold price prediction for tomorrow
- Iran deal confirmed overnight fully deflating the Strait risk premium and pushing COMEX Gold below 4,320 US dollars in this outlook.
- Strong SBI Q1 FY27 results improving market risk-on sentiment and reducing safe-haven demand in this outlook.
- Rupee strengthening from equity market confidence further compressing MCX Gold in rupee terms in this outlook.
Conclusion
The gold price prediction for tomorrow for Friday 7 August 2026 is built on Thursday’s close of Rs 1,42,850 per 10g (+Rs 500 (+0.35%)), a calm expiry session with VIX touching 10.80 intraday, and SBI Q1 FY27 results as the binary domestic catalyst. Ankit Jaiswal of Univest identifies Rs 1,44,000-1,44,500 as the primary resistance and Rs 1,42,000-1,42,300 as the critical support for the gold price prediction for tomorrow. NIM recovery above 3 percent is the single most important metric in this outlook for Friday: it confirms SBI’s guidance was achievable and unlocks the banking sector’s bull case across all related gold price prediction for tomorrow asset classes.
Kunal Singla of Univest notes that the post-expiry Friday session carries structurally lower intraday volatility than Thursday’s expiry day. The Dow Jones at record 54,349 and IT stocks recovering Thursday both support the gold price prediction for tomorrow’s positive bias. Watch the Kospi overnight: stability above -1 percent confirms the gold price prediction for tomorrow Asian risk is contained and the SBI result can be traded directionally.
Disclaimer: Data and figures are sourced from publicly available information and may or may not be accurate. Verify with NSE (nseindia.com), BSE (bseindia.com) and MCX (mcxindia.com) before any investment decision. Investments are subject to market risk. Educational purposes only. Not investment advice by Univest (SEBI RA INH000013776).
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FAQs on Gold Price Prediction For Tomorrow, 7 August 2026
What is the gold price prediction for tomorrow, Friday 7 August 2026?
Ans. The gold price prediction for tomorrow is mildly bullish. MCX Gold closed Thursday at Rs 1,42,850 per 10 grams, a 7-week high, up 0.35 percent. COMEX at 4,356 US dollars reflects Strait of Hormuz reopening positioning. Support is Rs 1,42,000-1,42,300 and resistance Rs 1,44,000-1,44,500 in this outlook.
How does SBI Q1 FY27 affect the gold price prediction for tomorrow?
Ans. A SBI Q1 FY27 NIM miss causing equity market selling would trigger safe-haven gold demand, pushing the gold price prediction for tomorrow toward Rs 1,44,000. A SBI Q1 beat creating risk-on sentiment would reduce safe-haven demand and cap the gold price prediction for tomorrow near Rs 1,42,000-1,43,000.
Which analysts prepared the gold price prediction for tomorrow?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the gold price prediction for tomorrow.
What is MCX Gold support and resistance for the prediction for tomorrow?
Ans. Support is Rs 1,42,000-1,42,300 and Rs 1,41,200-1,41,600. Resistance is Rs 1,44,000-1,44,500 and Rs 1,45,500-1,46,500 in this outlook.
What stocks are linked to the gold price prediction for tomorrow?
Ans. Titan (jewellery), Kalyan Jewellers (retail gold) and Muthoot Finance (gold loans) are the three primary equity expressions of the gold price prediction for tomorrow.
