Market Analysis

Currency & Commodity Briefing

Daily USD/INR, gold, silver, crude oil and natural-gas outlook for Indian traders, importers and exporters.

Data as of Powered by liveworldmarket.com
Archive snapshot · 2026-08-07

You are viewing the frozen 08:00 IST briefing from . Verdict: Rupee steady; bullion steady; energy firm. Live values will not change on this page.

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Market verdict
Rupee steady; bullion steady; energy firm

The dashboard reflects USD/INR +0.00%, Gold -0.19%, Silver +0.14%, Brent +1.16%, WTI +4.17%, Nat Gas -1.76%.

USD/INR +0.00%Gold -0.19%Silver +0.14%Brent +1.16%WTI +4.17%Nat Gas -1.76%
USD / INR (near-month future)
95.01
0.00 (0.00%)
Prev close
95.01
Day high
Day low
Source
NSE / Upstox
Gold
4,316.80USD/oz
-8.10 (-0.19%)
MCX Gold ₹/10g
1,48,958
MCX change %
0.31%
Prev close
4,324.90
Source
Yahoo / Upstox
Silver
62.40USD/oz
0.09 (0.14%)
MCX Silver ₹/kg
2,25,860
MCX change %
-0.76%
Gold/Silver
69.18
Source
Yahoo / Upstox
Crude oil
83.45USD/bbl (Brent)
0.96 (1.16%)
WTI
78.12
MCX ₹/bbl
7,378
Brent-WTI
5.33
Source
Yahoo / Upstox
Natural gas
2.63USD/MMBtu
-0.05 (-1.76%)
MCX ₹/MMBtu
253.2
MCX change %
-1.36%
Prev close
2.67
Source
Yahoo / Upstox

Cross pairs

EUR / INR
109.8410
0.00%
GBP / INR
128.0280
0.00%
JPY / INR
0.6030
0.00%
EUR / USD
1.1500
0.01%
GBP / USD
1.3500
0.01%

Importer & exporter impact

Importer sensitivity
USD payment cost
neutral
Crude / energy cost
adverse
Bullion procurement
mildly supportive
Nat-gas cost
supportive

A ₹0.10 change in USD/INR alters a USD 1,00,000 payment by ≈ ₹10,000 before bank spreads and charges.

Exporter sensitivity
USD realisation
neutral
EUR realisation
neutral
GBP realisation
neutral

Impact reflects USD/INR direction and EUR/USD, GBP/USD cross moves. Not a hedging recommendation.

Business typeRelevant instrumentsToday's sensitivity
Oil importersBrent, WTI, USD/INRadverse
AirlinesCrude oil, USD/INRadverse
Paint companiesCrude derivatives, USD/INRadverse
JewellersGold, Silver, USD/INRmildly supportive
Fertiliser companiesNatural gas, USD/INRsupportive
IT exportersUSD/INRneutral
Textile exportersUSD/INR, EUR/USDneutral
Metal usersSilver, USD/INRmildly supportive

USD / INR — detailed analysis

Near-month future
Price
95.0100
Change
0.0000
% change
0.00%
Prev close
95.0100
Source
NSE / Upstox
Drivers
  • USD/INR is trading flat at 95.01 (+0.00%).
  • Brent crude is higher; elevated crude prices weigh on the rupee.
Technical scenarios
Current 95.01 · Between S1 and R1 — consolidation
Prev high
95.49
Prev low
94.54
Prev close
95.01
Pivot
95.01
S1
94.54
S2
94.06
R1
95.49
R2
95.96
Sustained trading above 95.4851 may indicate improving intraday momentum.
Trading between 94.535 and 95.4851 indicates consolidation around the pivot.
A sustained move below 94.535 may indicate weakening intraday momentum.

Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.

Gold — detailed analysis

Gold/Silver ratio: 69.18
International
4,316.80
% change (intl)
-0.19%
MCX Gold ₹/10g
1,48,958
MCX % change
0.31%
Prev close
4,324.90
MCX Gold Mini
1,47,542
Source
Yahoo / Upstox
Drivers
  • International price is lower at 4316.8 (-0.19%).
  • MCX price is higher (+0.31%) — the MCX contract is trading at a premium to the international basis.
Why is the MCX price moving differently?
International
-0.19%
USD/INR contribution
0.00%
Residual (basis / timing)
0.50%

MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.

Technical scenarios
Current 4,316.80 · Between S1 and R1 — consolidation
Prev high
4,333.00
Prev low
4,308.70
Prev close
4,324.90
Pivot
4,322.20
S1
4,311.40
S2
4,297.90
R1
4,335.70
R2
4,346.50
Sustained trading above 4335.7 may indicate improving intraday momentum.
Trading between 4311.4 and 4335.7 indicates consolidation around the pivot.
A sustained move below 4311.4 may indicate weakening intraday momentum.

Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.

Silver — detailed analysis

Gold/Silver ratio: 69.18
International
62.40
% change (intl)
0.14%
MCX Silver ₹/kg
2,25,860
MCX % change
-0.76%
Prev close
62.31
MCX Silver Mini
2,27,598
Source
Yahoo / Upstox
Drivers
  • International price is higher at 62.4 (+0.14%).
  • MCX price is lower (-0.76%) — the MCX contract is trading at a discount to the international basis.
Why is the MCX price moving differently?
International
0.14%
USD/INR contribution
0.00%
Residual (basis / timing)
-0.90%

MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.

Technical scenarios
Current 62.40 · Between S1 and R1 — consolidation
Prev high
62.49
Prev low
62.22
Prev close
62.31
Pivot
62.34
S1
62.19
S2
62.07
R1
62.46
R2
62.61
Sustained trading above 62.46 may indicate improving intraday momentum.
Trading between 62.19 and 62.46 indicates consolidation around the pivot.
A sustained move below 62.19 may indicate weakening intraday momentum.

Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.

Crude oil — detailed analysis

Brent-WTI spread: 5.33 USD/bbl
Brent
83.45
Brent % change
1.16%
WTI
78.12
MCX Crude ₹/bbl
7,378
Prev close (Brent)
82.49
MCX % change
3.78%
Source
Yahoo / Upstox
Drivers
  • Brent is higher at 83.45 USD/bbl (+1.16%).
  • WTI is higher (+4.17%), Brent-WTI spread at +5.33 USD/bbl.
  • MCX Crude is higher (+3.78%) — rupee move (USD/INR +0.00%) contributes to the local print.
Why is the MCX price moving differently?
International
1.16%
USD/INR contribution
0.00%
Residual (basis / timing)
2.62%

MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.

Technical scenarios
Current 83.45 · Between S1 and R1 — consolidation
Prev high
84.41
Prev low
81.53
Prev close
82.49
Pivot
82.81
S1
81.21
S2
79.93
R1
84.09
R2
85.69
Sustained trading above 84.09 may indicate improving intraday momentum.
Trading between 81.21 and 84.09 indicates consolidation around the pivot.
A sustained move below 81.21 may indicate weakening intraday momentum.

Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.

Natural gas — detailed analysis

Henry Hub vs MCX
Henry Hub
2.630
% change (intl)
-1.76%
MCX ₹/MMBtu
253.2
MCX % change
-1.36%
Prev close (HH)
2.670
Source
Yahoo / Upstox
Drivers
  • Henry Hub natural gas is lower at 2.63 USD/MMBtu (-1.76%).
  • MCX Natural Gas is lower (-1.36%).
Why is the MCX price moving differently?
International
-1.76%
USD/INR contribution
0.00%
Residual (basis / timing)
0.39%

MCX % ≈ international % + USD/INR % + residual (basis, timing, local factors). Indicative only when the two feeds have different intra-day snapshot times.

Technical scenarios
Current 2.63 · Between S1 and R1 — consolidation
Prev high
2.71
Prev low
2.59
Prev close
2.67
Pivot
2.66
S1
2.60
S2
2.54
R1
2.72
R2
2.78
Sustained trading above 2.7233 may indicate improving intraday momentum.
Trading between 2.6033 and 2.7233 indicates consolidation around the pivot.
A sustained move below 2.6033 may indicate weakening intraday momentum.

Technical levels are classic pivot points calculated from the previous day's high / low / close. General market reference points — not personalised trading recommendations.

Currency movement impact calculator

Illustrative only. Excludes bank spreads, forward premia, taxes and transaction charges. Not a hedging recommendation.

At current rate
₹95,01,000
At comparison rate
₹95,51,000
Additional cost
+₹50,000
Per ₹0.10 move
₹10,000
Per 1% move
₹95,010

Economic & event calendar

After Indian close
After 23:30 IST
  1. 23:30US US Non-Farm Payrolls (Jul)GoldSilverUSD/INR
Later this week
Upcoming days
  1. 23:30US US CPI (Jul)GoldSilverUSD/INR
  2. 23:30US US Non-Farm Payrolls (Aug)GoldSilverUSD/INR
  3. 23:30US US CPI (Aug)GoldSilverUSD/INR
  4. 23:30US FOMC Rate Decision + Powell Presser (SEP)All marketsGoldSilver

Key currency & commodity news

  1. Bullion7 Aug 2026, 7:31 am IST
    Gold heads for strongest week since January, US payrolls data in focus

    Gold prices found stability on Friday, approaching their most significant weekly increase since January. Soothing concerns over inflation, a drop in oil prices has influenced interest rate expectations. Investors are focused on the upcoming US nonfarm payrolls data for insights i

    Economic Times
  2. Central Banks7 Aug 2026, 7:20 am IST
    US euro sale to prop up yen blindsided ECB

    Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention

    Financial Times
  3. Energy7 Aug 2026, 7:34 am IST
    Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

    Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions

    Economic Times
  4. Energy7 Aug 2026, 7:28 am IST
    Oil rises on concerns over Strait of Hormuz reopening plans

    Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78

    Economic Times

Five things to know in currency & commodities today

  1. 1
    Gold heads for strongest week since January, US payrolls data in focus

    Gold prices found stability on Friday, approaching their most significant weekly increase since January. Soothing concerns over inflation, a drop in oil prices has influenced interest rate expectations. Investors are focused on the upcoming US nonfarm payrolls data for insights i

    Economic Times · 7 Aug 2026, 7:31 am IST
  2. 2
    US euro sale to prop up yen blindsided ECB

    Christine Lagarde and Scott Bessent spoke only after Washington’s historic intervention

    Financial Times · 7 Aug 2026, 7:20 am IST
  3. 3
    Oil Price Today (August 7): Crude oil rises above $83 as Strait of Hormuz deadlock continues. Here’s why

    Oil prices climbed for a second session on Friday due to renewed Hormuz Strait concerns. Iran proposed restricting hostile vessels and imposing penalties for violations. Crude oil prices saw increases on Thursday and Friday. Analysts warn of significant price hikes if disruptions

    Economic Times · 7 Aug 2026, 7:34 am IST
  4. 4
    Oil rises on concerns over Strait of Hormuz reopening plans

    Oil prices experienced a significant uptick on Friday, fueled by fears surrounding the critical Strait of Hormuz. Iran and Oman are contemplating restrictions on hostile vessels, impacting market confidence. As Brent crude futures soared to $83.48 a barrel and WTI futures hit $78

    Economic Times · 7 Aug 2026, 7:28 am IST

Previous Currency & Commodity Briefings

Daily 08:00 IST snapshots — permanent archive links.