Gold, Silver Price Prediction Today
Gold and silver prices continue to trade near record highs, supported by strong bullish momentum in the commodities market. Market experts believe the positive trend is likely to continue in the coming sessions, with both metals showing strength on higher timeframes.
According to market analysis, gold and silver remain firmly positioned in an uptrend, with technical indicators suggesting further upside as long as key support levels hold.
MCX Gold Price Outlook
MCX Gold continues to show a strong bullish trend on the weekly chart. After breaking out from a short consolidation phase, gold is now trading close to its all-time high levels. The price structure remains positive, with no major signs of trend reversal at present.
The recent rise in gold prices highlights strong buying interest and confirms the sustainability of the ongoing uptrend. As long as prices stay above the recent weekly lows, the overall outlook for gold remains constructive.
From a technical perspective, the Rs 1,57,500 zone is a crucial support area. Any dip toward this level is expected to attract fresh buying, limiting downside risks in the near term. Holding above this support keeps the bullish structure intact.
On the upside, gold is expected to move toward the Rs 1,85,000 per 10 grams level in the coming sessions. The formation of higher highs and higher lows further strengthens the positive sentiment and signals a continuation of the upward trend.
MCX Gold Trading Strategy
- Current Market Price (CMP): Rs 1,64,000
- Target: Rs 1,85,000
- Stop Loss: Rs 1,57,500
MCX Silver Price Outlook
MCX Silver has been making fresh all-time highs for the fifth straight week, reflecting strong and consistent bullish momentum. The metal has maintained a clear pattern of higher highs over the past several months, indicating sustained buying interest.
There are currently no strong signs of momentum exhaustion. Any short-term pullback is likely to be used as a buying opportunity, as the broader trend remains positive.
Silver’s early-week rally has further strengthened the bullish outlook. As long as prices stay above key support levels, the upward bias is expected to continue.
The immediate support for silver is placed near the Rs 3,40,000 per kg level. A dip toward this zone could attract fresh accumulation and help stabilize prices.
On the upside, silver is expected to test the Rs 4,15,000 per kg level in the near to medium term, supported by strong technical indicators and positive market sentiment.
MCX Silver Trading Strategy
- Current Market Price (CMP): Rs 3,77,300
- Target: Rs 4,15,000
- Stop Loss: Rs 3,40,000
