DAILY BULLION REPORT — 10TH JUNE 2026
FUNDAMENTALS FOR THE DAY
No major US economic data scheduled today.
Middle East tensions remain elevated — Iran-Israel conflict ongoing. Crude Oil at $89.81/bbl.
US Dollar Index steady. Watch for any geopolitical escalation post-7:30 PM IST.
GOLD (MCX Gold Aug 2026 — GOLD-05Aug2026-FUT)
O: 1,30,500 | H: 1,30,600 | L: 1,26,500 | LTP: 1,27,500
Range: 153000 – 147000
Instant Sell Gold @ 150000 for target 147000 with SL 150600+
(Sell only if sustain below 150000)
Our Preference: Buy Gold @ 147000 for target 150000 & 152500 with SL 146400 below only if sustain
Trading Zone
152800 Last Sell for the Day
SILVER (MCX Silver 3rd Jul 2026 — SILVER-03Jul2026-FUT)
O: 2,34,000 | H: 2,44,000 | L: 2,23,500 | LTP: 2,29,000
Range: 223500 – 244000
Our Preference: Buy Silver @ 223500 for target 240000 with SL 219500 below only
Alternative Scenario: Sell Silver @ 243000 for target 231000 with SL 246000
MARKET COMMENTARY
XAUUSD (Spot): $4,164.41 | H: $4,266 | 1H Trend: Bearish | USD/INR: ₹95.25
XAGUSD (Spot): $65.27 | H: $65.89 | 1H Trend: Bearish
Gold under significant selling pressure today, falling over $95 (–2.25%) on risk-off sentiment and profit-booking. COMEX Gold tested key support at $4,132. MCX Gold tracking the decline — currently trading below the Ichimoku 9-period average on the 1H, bearish bias intact near-term. Watch the 147000 support level on MCX for any stabilisation and potential buy opportunity.
Silver fell sharply from session highs of 244000, hitting lows near 223500 before partially recovering. The 243000 level acts as strong resistance — sellers remain active. A buy near 223500 with defined SL at 219500 offers a favourable risk-reward for patient traders.
LATEST NEWS
Crude Oil at $89.81/bbl – steady despite Middle East tensions. Markets pricing in limited supply disruption. A move above $95 could trigger fresh safe-haven buying in Gold and Silver.
USD/INR at ₹95.25 – Rupee under mild pressure. Higher USD/INR provides support to MCX prices on any COMEX recovery.
No Fed speakers today. Any Iran-Israel ceasefire news or further escalation will directly impact metals in the US evening session.
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Tradeline Capital
This report is for educational and informational purposes only. It does not constitute financial advice or a recommendation to buy or sell any commodity. Trading in commodities involves substantial risk of loss — please consult a registered financial advisor before taking any position.
