Commodity Market Prediction for Monday, 10 August 2026: Gold and Silver Lead Safe-Haven Surge as Bajaj Finance Crash and ICICI Bank Fall Drive Domestic Flight to Safety
- August 7, 2026
- Posted by: Lakshit Sharma
- Category: News
MCX: Gold +1.40% Rs 1,49,703; Silver +3.19% Rs 2,34,741; Copper +0.05% Rs 1,376.70; Zinc -0.92% Rs 391.20; Crude -0.28% Rs 7,356. US NFP 6 PM IST.
The commodity market prediction for Monday on Monday 10 August 2026 is shaped by Friday’s session where Nifty 50 closed at 24,570.65 (down 65 points, -0.27%), Sensex fell 455 points to 78,499.17 and Bank Nifty lost 317 points to 57,746.45. The session’s defining paradox: SBI Q1 FY27 beat strongly (PAT +10.23%, NIM recovered to exactly 3 percent, GNPA at a two-decade low of 1.47 percent) but Bajaj Finance crashed 5.84 percent and ICICI Bank fell 2.5 percent, dragging the financial sector. The top performers were Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent led by TCS +3.36 percent) and MCX Gold (+1.40 percent) and MCX Silver (+3.19 percent). The primary catalyst for the commodity market prediction for Monday is the US Non-Farm Payrolls for July 2026, released at 6 PM IST today after Indian market close, which will determine Monday’s opening gap direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, present the complete commodity market prediction for Monday.
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Friday’s Data Behind the commodity market prediction for Monday
| Indicator | Friday 7 Aug Close (Groww Confirmed) | Change |
|---|---|---|
| Nifty 50 | 24,570.65 | -65.35 pts (-0.27%) |
| Sensex | 78,499.17 | -455.59 pts (-0.58%) |
| Bank Nifty | 57,746.45 | -317.20 pts (-0.55%) |
| Nifty Auto | 29,646.95 | +1.83%; top sectoral gainer |
| Nifty IT | 31,547.70 | +1.42%; TCS +3.36%, HCL +1.62%, Infosys +0.87% |
| Nifty PSU Bank | 8,786.20 | +0.65%; SBI +1.12% on Q1 FY27 beat |
| Nifty Metal | 13,189.85 | +0.50%; Hindustan Zinc +2.20% |
| Nifty Private Bank | 27,392.35 | -1.04%; ICICI -2.50%, Axis -1.43% |
| SBI Q1 FY27 | Rs 1,097.20 (+1.12%) | PAT Rs 21,121 cr (+10.23%); NIM 3.0%; GNPA 1.47% (2-decade low). High: Rs 1,124.5 |
| Bajaj Finance | Rs 1,078 (-5.84%) | Biggest Nifty 50 loser; dragged Fin Services sector |
| MCX Gold (Aug Fut) | Rs 1,49,703/10g (+1.40%) | Strong surge; safe-haven demand |
| MCX Silver (Mini Aug) | Rs 2,34,741/kg (+3.19%) | Outperformed gold; industrial + safe-haven combined |
| MCX Crude Oil (Aug) | Rs 7,356/bbl (-0.28%) | Slight dip; Iran deal uncertainty continues |
| India VIX | 12.16 | Unchanged from previous close |
| US NFP (July 2026) | Released 6 PM IST today | Primary weekend catalyst for Monday gap direction |
SBI Q1 FY27 and Bajaj Finance: Two Opposite Forces Behind the commodity market prediction for Monday
Friday’s session presented two contradictory catalysts for the commodity market prediction for Monday. SBI delivered its strongest quarterly result in recent memory: PAT up 10.23 percent to Rs 21,121 crore, NIM recovered to exactly 3 percent from Q4 FY26’s 2.93 percent and GNPA fell to 1.47 percent, a two-decade low. SBI surged to Rs 1,124.5 intraday before closing at Rs 1,097.20 (+1.12 percent). Simultaneously, Bajaj Finance crashed 5.84 percent to Rs 1,078, the biggest Nifty 50 loser, dragging the financial services sector. Ankit Jaiswal notes that the commodity market prediction for Monday is shaped by which of these two forces dominates on Monday: SBI’s confirmed earnings strength or Bajaj Finance’s Q1 result-related concerns spilling into the broader NBFC sector.
Technical Levels for the commodity market prediction for Monday
| Level Type | Zone |
|---|---|
| Immediate Support | Gold Rs 1,48,200; Crude Rs 7,200; Silver Rs 2,28,500 |
| Key Support | Gold Rs 1,46,500; Crude Rs 7,050 |
| Immediate Resistance | Gold Rs 1,51,500; Crude Rs 7,550; Silver Rs 2,40,000 |
| Key Resistance | Gold Rs 1,53,000; Crude Rs 7,800 |
Kunal Singla observes that India VIX closed Friday at 12.16, unchanged from Thursday’s close. Stable VIX at 12-13 despite the broader market fall is structurally positive for the commodity market prediction for Monday: it means option sellers are not panicking and the August monthly series maintains a defined range. The commodity market prediction for Monday’s support at Gold Rs 1,48,200; Crude Rs 7,200; Silver Rs 2,28,500 is the immediate floor heading into Monday.
US NFP: The commodity market prediction for Monday Primary Weekend Variable
US Non-Farm Payrolls for July 2026 releases at 6 PM IST today. A healthy NFP (175,000-230,000 range) supports a Monday gap-up in this outlook as Dow Jones rises and FII risk-on flows return to India on Monday morning. A weak NFP below 130,000 raises US recession concerns and creates a Monday gap-down in this outlook. Ankit Jaiswal recommends checking GIFT Nifty at 9 AM Monday before making any commodity market prediction for Monday position decisions.
Key Factors for the commodity market prediction for Monday
- Friday’s commodity market prediction for Monday is defined by a clear split: precious metals (Gold +1.40 percent, Silver +3.19 percent) surged on safe-haven demand from Bajaj Finance crashing 5.84 percent and equity weakness, while energy (Crude -0.28 percent, Nat Gas -0.39 percent) fell mildly and base metals (Copper +0.05 percent, Zinc -0.92 percent) were range-bound.
- MCX Silver outperforming gold by 1.79 percentage points on Friday (+3.19 percent vs +1.40 percent) is the commodity market prediction for Monday’s most important cross-commodity signal: it confirms institutional allocation into the silver GSR-compression trade that has additional upside versus gold on Monday.
- MCX Crude Oil at Rs 7,356 (-0.28 percent) confirms Iran-US deal talks are keeping energy prices suppressed without a formal agreement, maintaining the crude-below-Rs 7,500 environment that benefits Auto, FMCG and Consumer Durables sectors in this outlook.
- US NFP at 6 PM IST today shapes the commodity market prediction for Monday direction: weak NFP amplifies precious metals safe-haven buying and pressures base metals on demand concerns; strong NFP supports base metals through industrial demand confidence while moderating precious metals.
Stocks to Watch for the commodity market prediction for Monday
Univest analysts flag the following stocks for educational observation in this outlook on Monday. These are not buy or sell recommendations.
Hindustan Zinc: CMP Rs 603 (+2.20% Fri). Ankit Jaiswal flags entry Rs 596-601, target Rs 622, SL Rs 584. Hindustan Zinc is the standout equity expression of the commodity market prediction for Monday with both silver (+3.19%) and zinc (structural supply deficit) working simultaneously.
ONGC: CMP Rs 238.85 (+0.44% Fri). Kunal Singla flags entry Rs 236-238, target Rs 247, SL Rs 228. ONGC tracks crude oil direction in this outlook through Q2 FY27 realization exposure.
Hindalco: CMP Rs 755 est.. Ankit Jaiswal flags entry Rs 748-753, target Rs 778, SL Rs 732. Hindalco provides broad base metals exposure through aluminium and copper in this outlook.
Screen All Stocks for the commodity market prediction for Monday on Univest
Trading Strategy for the commodity market prediction for Monday
- For the commodity market prediction for Monday, gold and silver are the primary longs. Accumulate Gold at Rs 1,48,200-1,48,600 and Silver at Rs 2,28,500-2,30,000 on any Monday morning correction.
- For the commodity market prediction for Monday, crude is the most event-sensitive: Iran deal announcement overnight = MCX Crude gap-down toward Rs 6,800-7,000. No deal = status quo Rs 7,200-7,550 range.
- Monitor NFP for base metals direction in this outlook. Strong NFP supports copper at Rs 1,362+ and stabilises zinc above Rs 384.
- Silver outperformance of gold is the commodity market prediction for Monday’s highest-conviction single trade: buy Silver on any dip below Rs 2,30,000 with Rs 2,40,000 as the first target.
Risks to the commodity market prediction for Monday
- Strong US NFP moderating precious metals rally in this outlook.
- Iran formal deal announced before Monday open creating broad energy commodity gap-down in this outlook.
- Bajaj Finance concerns spreading to broader credit tightening reducing industrial raw material demand in this outlook.
Conclusion
The commodity market prediction for Monday on Monday 10 August 2026 is built on Friday’s close of Gold Rs 1,49,703; Silver Rs 2,34,741; Copper Rs 1,376.70; Zinc Rs 391.20; Crude Rs 7,356 (Gold +1.40%; Silver +3.19%; Copper +0.05%; Zinc -0.92%; Crude -0.28%; Nat Gas -0.39%), from a session where Nifty Auto (+1.83 percent), Nifty IT (+1.42 percent) and MCX precious metals (Gold +1.40 percent, Silver +3.19 percent) were the week’s bright spots while Bajaj Finance (-5.84 percent) and ICICI Bank (-2.5 percent) created financial sector drag. Ankit Jaiswal of Univest identifies Gold Rs 1,51,500; Crude Rs 7,550; Silver Rs 2,40,000 as the primary resistance and Gold Rs 1,48,200; Crude Rs 7,200; Silver Rs 2,28,500 as the critical support for the commodity market prediction for Monday. The US NFP at 6 PM IST today is the primary variable: monitor GIFT Nifty Sunday evening and at 9 AM Monday before positioning for the commodity market prediction for Monday.
Kunal Singla of Univest notes that the commodity market prediction for Monday has a dual structure for Monday: the recovery case (IT and Auto momentum continues, SBI Q1 beat sustains, NFP healthy) and the continuation decline case (Bajaj Finance concerns spread to NBFCs, private banks extend selling, weak NFP). The commodity market prediction for Monday’s support zone at Gold Rs 1,48,200; Crude Rs 7,200; Silver Rs 2,28,500 is the line between these two scenarios on Monday.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice by Univest (SEBI RA INH000013776).
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FAQs on Commodity Market Prediction For Monday, 10 August 2026
What is the commodity market prediction for Monday, 10 August 2026?
Ans. The commodity market prediction for Monday is mixed-bullish with precious metals leading. MCX Gold surged 1.40 percent to Rs 1,49,703 and Silver 3.19 percent to Rs 2,34,741 from domestic safe-haven demand. Crude eased 0.28 percent to Rs 7,356 and Zinc fell 0.92 percent in profit booking. US NFP is the primary overnight variable for the commodity market prediction for Monday.
Which commodity is most bullish in the commodity market prediction for Monday?
Ans. Silver is the most bullish commodity in the commodity market prediction for Monday, having surged 3.19 percent on Friday to Rs 2,34,741 and outperformed gold by 1.79 percentage points. The GSR compression trade and dual safe-haven plus industrial demand make silver the commodity market prediction for Monday’s highest-conviction long.
Which analysts prepared the commodity market prediction for Monday?
Ans. Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, prepared the commodity market prediction for Monday using Groww-confirmed Friday closing data for all MCX segments.
How does US NFP affect the commodity market prediction for Monday?
Ans. Weak NFP amplifies safe-haven buying in gold and silver while pressuring base metals on demand concerns. Strong NFP moderates precious metals and supports copper and zinc demand in the commodity market prediction for Monday.
What three stocks express the commodity market prediction for Monday?
Ans. Hindustan Zinc (silver and zinc beneficiary), ONGC (crude direction) and Hindalco (broad base metals) are the three stocks that collectively express the commodity market prediction for Monday.