Gold Rate Today, June 11: MCX Gold August Futures Fall Below Rs 1.48 Lakh; Silver Dips 0.3%; Strategy for Precious Metals Ahead

The gold rate today, June 11, 2026, on the Multi Commodity Exchange (MCX) has slipped below the Rs 1.48 lakh mark, with the August futures contract trading at Rs 1,47,566 per 10 grams, a decline of 0.30% from the previous session close of Rs 1,48,017. MCX silver July futures are also under pressure at Rs 2,34,800 per kilogram, down 0.30% from the previous close of Rs 2,35,505. Internationally, gold is trading at approximately $4,077 per ounce while silver has slipped below $65 per ounce. The precious metals are being weighed down by a combination of US-Iran military escalation (which has driven crude oil to $92.17 per barrel and raised inflation concerns), a firmer US dollar (USD/INR at Rs 95.73), and residual global risk-off sentiment from the ongoing technology sector selloff. Today’s gold rate today level is 0.3% below the previous close but broadly within the recent Rs 1,44,000-1,52,000 per 10g range that MCX gold has been trading in for the past few weeks.

Click Here – Get Free Research From Univest

Gold Rate Today and Silver: MCX Live Data

Contract	Exchange	CMP (per 10g/kg)	Prev Close	Change %	Day High	Day Low
Gold August FUT	MCX	Rs 1,47,566 / 10g	Rs 1,48,017	-0.30%	Rs 1,48,300	Rs 1,46,444
Gold Mini July FUT	MCX	Rs 1,45,957 / 10g	Rs 1,46,388	-0.29%	Rs 1,46,619	Rs 1,44,328
Silver July FUT	MCX	Rs 2,34,800 / kg	Rs 2,35,505	-0.30%	Rs 2,36,894	Rs 2,30,493

City-Wise Gold Rates Today (Indicative, per 10g)

City	24K (per 10g)	22K (per 10g)	18K (per 10g)
New Delhi	Rs 1,49,000	Rs 1,36,590	Rs 1,11,780
Mumbai	Rs 1,48,850	Rs 1,36,440	Rs 1,11,630
Chennai	Rs 1,50,540	Rs 1,37,990	Rs 1,15,690
Kolkata	Rs 1,48,850	Rs 1,36,440	Rs 1,11,630

Note: City gold rates are retail indicative prices from IBJA data and include applicable taxes. Actual jewellery prices may vary based on making charges and jeweller margin. Verify with local jewellers or nseindia.com / bseindia.com before any transaction.

International Markets and Macro Context

Parameter	Value	Notes
International Gold (Spot)	~$4,077 per ounce	Down from recent high ~$4,188
International Silver (Spot)	Below $65 per ounce	Dropped amid inflation concerns
USD/INR	Rs 95.73	Stronger dollar weighing on metals
Brent Crude Oil	$92.17 per barrel	US-Iran tensions keeping crude elevated
MCX Gold prev close	Rs 1,48,017 per 10g	June 10, 2026
MCX Silver prev close	Rs 2,35,505 per kg	June 10, 2026
Key trigger 1	US-Iran military escalation	Strait of Hormuz closure concerns
Key trigger 2	Fed rate hike fears	US May CPI data in focus this week
Key trigger 3	Global tech selloff	Risk-off sentiment reducing gold appeal

What Is Driving the Gold Rate Today?

The primary driver of the gold rate today decline is the complex interplay between the US-Iran conflict and Federal Reserve policy expectations. While geopolitical tensions normally support gold as a safe-haven, the current conflict is working against gold because it is simultaneously driving up crude oil prices ($92.17/barrel), which increases US inflation. Higher inflation raises the probability of additional Federal Reserve rate hikes, which strengthens the US dollar (Rs 95.73 per USD today). A stronger dollar makes gold, which is priced in dollars globally, more expensive in local currency for international buyers, suppressing demand. Silver faces the additional headwind of the global technology selloff: silver has significant industrial demand from electronics, semiconductor packaging, and solar panels, and the AI/tech risk-off sentiment reduces near-term industrial demand expectations.

Gold and Silver Strategy Ahead

For gold rate today watchers and traders, the key technical levels to monitor on MCX Gold August are: support at Rs 1,44,000-1,45,000 per 10g (a breakdown below this level could target Rs 1,40,000-1,41,000) and resistance at Rs 1,52,000-1,54,000 (a sustained breakout above this could target Rs 1,56,000+). For MCX Silver July, support is at Rs 2,26,000-2,28,000 per kg and resistance at Rs 2,45,000-2,50,000. The medium-term outlook for gold remains constructive: global central bank gold buying is at multi-decade highs, US national debt concerns persist, and geopolitical instability is structurally elevated. Long-term investors can consider accumulating gold via MCX, Gold ETFs, or Sovereign Gold Bonds on dips toward the Rs 1,44,000-1,45,000 support zone.

Track MCX Gold Rate Today and Silver Live on the Univest Screener

Conclusion

The gold rate today on MCX has slipped to Rs 1,47,566 per 10g (-0.30%), briefly breaking below the psychological Rs 1.48 lakh level. MCX silver at Rs 2,34,800/kg is down 0.30%. The immediate pressure is from dollar strength and Fed rate hike fears; the medium-term structural case for gold and silver remains intact. Track the live gold rate today and all MCX commodity data on Univest.

Download the Univest iOS App or Univest Android App to track the live gold rate today and MCX commodity prices with daily strategy on Univest.

Frequently Asked Questions

What is the gold rate today on MCX?

Ans. The gold rate today, June 11, 2026, on MCX is Rs 1,47,566 per 10 grams for the August futures contract, down 0.30% from the previous close of Rs 1,48,017. The MCX Gold August contract touched a day high of Rs 1,48,300 per 10g before retreating. The MCX Gold Mini (July) is trading at Rs 1,45,957 per 10 grams. Internationally, gold is trading at approximately $4,077 per ounce, down from a recent session high around $4,188. The fall is attributed to a stronger US dollar, fears of further Federal Reserve rate hikes after rising US energy costs due to the US-Iran conflict, and a broad global risk-off sentiment following the technology sector selloff.

What is the silver rate today on MCX?

Ans. The silver rate today on MCX for the July futures contract is Rs 2,34,800 per kilogram, down 0.30% from the previous close of Rs 2,35,505. Internationally, silver has dropped below $65 per ounce, touching multi-week lows. The silver rate decline is driven by the same macro headwinds as gold, including a stronger dollar and Fed rate hike concerns, plus the additional pressure from the global technology sector selloff which has reduced sentiment for industrial metals (silver has significant industrial demand from electronics, solar panels, and semiconductor applications).

Why are gold and silver prices falling today?

Ans. Gold and silver prices are falling today for three overlapping reasons. First, the US-Iran military conflict has pushed crude oil prices higher to $92 per barrel, stoking US inflation concerns and raising the possibility that the Federal Reserve will maintain or increase interest rates. Higher interest rates make non-yielding assets like gold and silver less attractive. Second, a stronger US dollar (USD/INR at Rs 95.73) makes dollar-denominated gold more expensive for international buyers, suppressing demand. Third, the global technology sector selloff triggered by Broadcom’s guidance miss has created broad risk-off sentiment, with some investors moving to cash rather than gold as the safe-haven.

What is the gold and silver price outlook and strategy ahead?

Ans. For the near term, gold rate today pressure is likely to persist if Fed rate hike expectations rise further on the back of US CPI data due this week. Key MCX gold support is around Rs 1,44,000-1,45,000 per 10g, while resistance is at Rs 1,52,000-1,54,000. For MCX silver, support is around Rs 2,26,000-2,28,000 per kg and resistance at Rs 2,45,000-2,50,000. The medium-term view remains constructive for both metals due to ongoing geopolitical risks, record central bank gold buying globally, and US fiscal deficit concerns. Long-term investors can use dips toward key support levels to accumulate via MCX or gold ETFs/SGBs in a staggered manner. Short-term traders should wait for consolidation above Rs 1,47,000 before initiating fresh longs.