Gold Prediction for Monday 8 June 2026: MCX Price Forecast and Key Levels

June 5, 2026
Posted by: Ankit Jaiswal
Category: Market

Gold MCX Rs 1,62,100/10g (+0.40%) on 5 Jun. Support Rs 1,60,000, resistance Rs 1,63,500. Trend: Bullish. Monday 8 Jun.

The Gold prediction for Monday 8 June 2026 is Bullish as MCX Gold closed at Rs 1,62,100/10g (+0.40%) on Friday 5 June 2026. Gold gained +0.40% Friday supported by safe-haven demand from Iran geopolitical uncertainty and a potential Dollar weakening if US NFP comes in below expectations. The Gold prediction for Monday will also be shaped by the US Non-Farm Payrolls data released on Friday evening and the overnight global commodity market movements, including Dollar Index direction. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, provide the key technical levels for the Gold prediction for Monday 8 June 2026.

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Table of Contents

Friday 5 June 2026 Market Close

Nifty 50: 23,366.70 (-0.21%). High 23,516.35, low 23,282.65. RBI held repo at 5.25%; market opened positive but gave back gains late session.
Bank Nifty: 54,496.25 (+0.35%). Hit +0.35% high intraday on RBI day. PSU banks outperformed; SBI high Rs 992.60.
India VIX: 15.79 (intraday low 13.46 — multi-week low). Declining VIX is constructive for Monday 8 June 2026 open.
Nifty IT: 29,010.30 (-0.99%). Wipro fell -2.91% post-buyback record date.
FII/DII (4 June): FII net Rs -4,475.76 Cr; DII net Rs +3,986.44 Cr.
Key event for Monday: US NFP data released tonight (5 June); Monday open will react to this first.

Gold Price Levels for Monday 8 June 2026

Parameter	Value
MCX Close (5 June)	Rs 1,62,100/10g
Previous Close	Rs 1,61,450/10g
Change	+0.40%
Support 1	Rs 1,60,000/10g
Support 2	Rs 1,57,500/10g
Resistance 1	Rs 1,63,500/10g
Resistance 2	Rs 1,65,800/10g
Trend	Bullish

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Gold Prediction for Monday: Technical Analysis

Ankit Jaiswal observes that the Gold prediction for Monday is anchored at Rs 1,60,000 support. Gold gained +0.40% Friday supported by safe-haven demand from Iran geopolitical uncertainty and a potential Dollar weakening if US NFP comes in below expectations. A break above Rs 1,63,500 with volume would be the bullish trigger for the Gold prediction for Monday 8 June.

Kunal Singla notes that the Gold prediction for Monday is sensitive to overnight US data. The US NFP reaction and any Iran geopolitical update will set the MCX opening tone for Monday.

Bull and Bear Case for Gold Prediction for Monday

Bullish: Iran-US geopolitical tensions and US NFP miss weakening Dollar supporting gold. Target Rs 1,63,500 then Rs 1,65,800.

Bearish: Surprise hot US NFP pushing Dollar Index higher and reducing rate cut expectations globally. Risk toward Rs 1,60,000 then Rs 1,57,500.

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Conclusion

The Gold prediction for Monday 8 June 2026 is Bullish with Rs 1,60,000 as key support and Rs 1,63,500 as resistance. Ankit Jaiswal and Kunal Singla recommend strict stop-loss discipline. Data is sourced from open public platforms — verify from official NSE/BSE sources.

Investments in securities are subject to market risk. This content is for educational purposes only and does not constitute investment advice.

Disclaimer: The securities quoted, if any, are for illustration purposes only and are not recommendatory. This article is for educational purposes only and shall not be considered as investment advice or a recommendation by Univest (Uniresearch Global Pvt Ltd, SEBI Registered Research Analyst INH000013776). Investments in the securities market are subject to market risks. Read all related documents carefully before investing. Data is sourced from open public platforms including NSE and BSE and may be subject to revision. Verify data from official NSE/BSE sources before making any investment decision. Registration granted by SEBI in no way guarantees the performance of the intermediary or provides any assurance of returns to investors. Past performance is not indicative of future results.

Frequently Asked Questions

What is the Gold prediction for Monday 8 June 2026?

Ans. The Gold prediction for Monday is Bullish. MCX Gold closed at Rs 1,62,100/10g (+0.40%) on Friday 5 June. Support Rs 1,60,000, resistance Rs 1,63,500. Gold gained +0.40% Friday supported by safe-haven demand from Iran geopolitical uncertainty and a potential Dollar weakening if US NFP comes in below expectations.

What is the Gold price target for Monday?

Ans. The Gold price target for Monday 8 June ranges from Rs 1,60,000 on the downside to Rs 1,63,500 on the upside. A sustained break above Rs 1,63,500 signals bullish momentum.

What factors affect Gold prediction for Monday?

Ans. Iran-US geopolitical tensions and US NFP miss weakening Dollar supporting gold supports bullish scenario. Surprise hot US NFP pushing Dollar Index higher and reducing rate cut expectations globally is the primary bearish risk for the Gold prediction for Monday 8 June 2026.

What is MCX Gold support and resistance for Monday?

Ans. Support 1: Rs 1,60,000/10g. Support 2: Rs 1,57,500/10g. Resistance 1: Rs 1,63,500/10g. Resistance 2: Rs 1,65,800/10g.

Is Gold bullish or bearish for Monday 8 June 2026?

Ans. The Gold prediction for Monday is Bullish. Gold gained +0.40% Friday supported by safe-haven demand from Iran geopolitical uncertainty and a potential Dollar weakening if US NFP comes in below expectations. Watch Rs 1,63,500 as key resistance and Rs 1,60,000 as key support on Monday.

How does the Dollar Index affect Gold prediction for Monday?

Ans. A stronger Dollar typically pressures Gold prices. The US NFP data released on Friday evening and the Dollar Index direction will set the tone for the Gold prediction for Monday 8 June 2026.

What is the global outlook for Gold for Monday 8 June 2026?

Ans. Globally, Gold gained +0.40% Friday supported by safe-haven demand from Iran geopolitical uncertainty and a potential Dollar weakening if US NFP comes in below expectations. MCX Gold tracks international benchmarks adjusted for the rupee rate. MCX opening on Monday will reflect overnight global movements.

Should I trade Gold on Monday 8 June 2026?

Ans. This article is for educational purposes only and does not constitute investment advice. Consult a SEBI-registered financial advisor before making any Gold trading decision for Monday.

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Gold Prediction

Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.