Gold Prediction for Monday, 3 August 2026: MCX Gold August futures Levels to Watch
- July 31, 2026
- Posted by: Ankit Jaiswal
- Category: News
Gold prediction for Monday, 3 August 2026: Rs 141,785 per 10 grams, -1.01% on Friday. Support Rs 141,500, resistance Rs 142,900. RBI MPC begins Monday.
The gold prediction for monday, 3 August 2026, centres on MCX Gold August futures, which closed Friday at Rs 141,785 per 10 grams, down 1,447 points or 1.01% from Thursday’s close of Rs 143,232. Gold extended its pullback from record highs as the dollar firmed and US Treasury yields spiked after Wednesday’s Fed decision, even though Thursday’s Wall Street rally trimmed some safe haven demand.
Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, have built this gold prediction for monday using Friday’s MCX closing data and the broader macro calendar heading into next week. Ankit Jaiswal covers the technical structure while Kunal Singla layers in the demand and positioning context.
Gold Closing Overview for the Prediction for Monday
- MCX Gold August futures closed at Rs 141,785 per 10 grams on Friday, -1.01% versus Thursday’s Rs 143,232 close.
- Gold extended its pullback from record highs as the dollar firmed and US Treasury yields spiked after Wednesday’s Fed decision, even though Thursday’s Wall Street rally trimmed some safe haven demand.
- The contract expires on 5 August, a date traders following this gold prediction for monday should track for rollover related volatility.
Gold Technical Analysis for the Prediction for Monday
| Metric | Level |
|---|---|
| Friday Close | Rs 141,785 (-1.01%) |
| Support | Rs 141,500 / Rs 140,800 |
| Resistance | Rs 142,900 / Rs 143,500 |
| Contract Expiry | 5 August |
Ankit Jaiswal builds this gold prediction for monday around Rs 141,500 as the near term pivot; a hold above it keeps the setup constructive, while a break would open a path toward Rs 140,800. On the upside, a close above Rs 142,900 would put Rs 143,500 back in focus for this gold prediction for monday.
F&O Calendar for the Gold Prediction for Monday
MCX Gold August futures expires on 5 August, and Kunal Singla flags that positioning typically builds through the first half of the expiry week before rollover activity picks up. Traders following this gold prediction for monday should watch open interest changes around the RBI policy verdict, since rate and currency moves often spill into MCX pricing.
RBI Policy Week and Global Cues for the Gold Prediction for Monday
The RBI Monetary Policy Committee meets from Monday, 3 August, to Wednesday, 5 August, with the repo rate decision due on the final day. The repo rate has held at 5.25 percent through three consecutive reviews, and most economists expect another hold.
Wall Street staged a sharp Thursday rebound, with the Nasdaq up 2.78 percent and the S&P 500 up 1.66 percent on Microsoft-led strength, a day after a Fed driven selloff. Brent crude eased to 89.03 dollars a barrel after an earlier spike above 93 dollars on Iran related strikes, and Gift Nifty August futures were trading near 24,422 on Friday morning.
Gold Prediction for Monday: Trading Strategy
- Use Rs 141,500 as the near term pivot for this gold prediction for monday; a sustained hold above it keeps the setup constructive.
- A close above Rs 142,900 would be the trigger for a fresh long bias toward Rs 143,500.
- Keep position sizes measured ahead of Wednesday’s RBI verdict, since currency moves around the decision can spill into commodity pricing.
- Respect stop losses below Rs 140,800 rather than averaging into a losing position into the 5 August expiry.
Risks to the Gold Prediction for Monday
- A stronger dollar following a hawkish RBI or Fed commentary could pressure this gold prediction for monday, particularly for gold and silver.
- Any fresh escalation in the Iran-US standoff could move crude oil and, by extension, the broader commodity complex sharply.
- Increased volatility is typical into the 5 August expiry as positions roll to the next month’s contract.
- A reversal in Thursday’s Wall Street rally when US markets trade Friday night could shift risk appetite across commodities before Monday’s MCX open.
Conclusion
This gold prediction for monday, 3 August 2026, points to MCX Gold August futures holding a range between Rs 141,500 support and Rs 142,900 resistance as the RBI policy week begins. Ankit Jaiswal and Kunal Singla both flag the RBI verdict on Wednesday and ongoing Iran-US tensions as the dominant swing factors for the week. A close above Rs 142,900 would strengthen this gold prediction for monday, while a break below Rs 141,500 would call for caution.
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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).
What is the gold prediction for monday, 3 August 2026?
Ans. The gold prediction for monday, 3 August 2026, points to MCX Gold August futures holding between Rs 141,500 support and Rs 142,900 resistance, after closing Friday at Rs 141,785 per 10 grams.
What is MCX Gold August futures’s support and resistance for Monday?
Ans. Support is at Rs 141,500 and then Rs 140,800. Resistance is at Rs 142,900 and then Rs 143,500, based on Friday’s close of Rs 141,785.
When does MCX Gold August futures expire?
Ans. MCX Gold August futures expires on 5 August. Traders following this gold prediction for monday should watch for rollover related volatility as that date approaches.
How will the RBI MPC meeting affect this prediction for Monday?
Ans. The RBI Monetary Policy Committee meets from 3 to 5 August, with the rate decision due Wednesday. Currency moves around the verdict can spill into MCX commodity pricing, particularly for gold and silver.
What do Ankit Jaiswal and Kunal Singla say in this gold prediction for monday?
Ans. Ankit Jaiswal expects MCX Gold August futures to hold its recent range given Friday’s -1.01% move, while Kunal Singla flags the RBI verdict and global crude oil trends as the key triggers for the week.
Why did gold move lower on Friday?
Ans. Gold extended its pullback from record highs as the dollar firmed and US Treasury yields spiked after Wednesday’s Fed decision, even though Thursday’s Wall Street rally trimmed some safe haven demand.
What are the key global cues for commodity markets next week?
Ans. Brent crude eased to 89.03 dollars a barrel on Thursday after an earlier spike above 93 dollars on Iran related strikes, and the RBI policy verdict on Wednesday is the dominant domestic trigger for the week.
Should traders take fresh positions in gold ahead of the RBI decision?
Ans. Univest analysts suggest keeping position sizes measured ahead of Wednesday’s verdict and recommend consulting a SEBI-registered financial advisor before making investment decisions.
