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

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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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

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.

Check the Univest Screener for live NSE/BSE data

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.

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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