Daily Bullion Report — Tuesday, 7 July 2026
Full-day plan 9:00 AM – 11:30 PM IST · Desk calls · Research & education
MCX Gold Aug |
₹1,45,666 · heavy selling, day low 1,45,351 |
MCX Silver Sep |
₹2,31,900 · sharp fall, day low 2,30,803 |
📅 Fundamentals for the Day
- 4:30 PM — FOMC Member Bowman Speaks
- 5:45 PM — ADP Weekly Employment Change
- 6:00 PM — Trade Balance
- 2:00 AM — API Weekly Statistical Bulletin
- Wednesday 11:30 PM IST — FOMC Meeting Minutes (the week’s main event)
🥇 GOLD (August) — Range 1,47,800 – 1,42,750
⚡ Immediate Selling: Sell 1,46,300 → target 1,44,250 · SL 1,46,700 (R:R ~1:5)
Our Preference: Sell Gold 1,47,800 → targets 1,45,780 / 1,44,250 · SL above 1,48,500 only if sustained
Alternative Scenario: Buy Gold 1,44,250 · SL 1,43,700 → target 1,45,780
📌 Positional view: Gold can extend to 1,42,750 as the final target of this sell — continuation valid as an overnight trade till Friday.
🥈 SILVER (September) — Range 2,38,500 – 2,21,000
Our Preference: Sell Silver 2,33,000, backup 2,36,000 → targets 2,26,000 / 2,21,000 · SL 2,37,500
Alternative Scenario: Buy Silver 2,21,000 → target 2,28,000 · SL 2,19,000
⚡ Trading Zone: 2,26,070 Buy Silver for a session · SL 2,24,500
🎯 Day in one line: Heavy-selling day — sell every gold bounce into 1,46,300/1,47,800 riding toward 1,42,750 by Friday; silver rallies into 2,33,000+ are for selling toward 2,21,000, with the 2,26,070 stroke as the session buy.
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Trading in commodities carries high risk. All content is market research and education — you trade your own account and are responsible for your own decisions. Past performance is not indicative of future results.
