Gold & silver price prediction today: Gold at new highs – what’s the outlook and should you buy or sell? – The Times of India

Gold and silver price prediction today: Gold prices are exhibiting a bullish trend and silver is also continuing the positive bias, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:

MCX Gold Outlook

MCX Gold has been showing a consistent upward trend, reflecting strong bullish momentum in recent sessions. With growing investor interest amid global uncertainties and a supportive macroeconomic environment, gold prices are now eyeing the crucial resistance level near ₹107,800 in the coming week. If this level is breached with volume support, it could pave the way for further upside potential in the near term.On the downside, the metal is finding strong support around the ₹105,600 level, which has held well during recent minor pullbacks. This level serves as a key base for the ongoing rally and is likely to act as a cushion against any short-term profit-booking or consolidation. Technically, momentum indicators like RSI and MACD are suggesting continued strength, supporting the bullish sentiment.Fundamentally, global cues such as concerns over inflation, central bank policies, and geopolitical tensions are adding to gold’s appeal as a safe-haven asset. Any fresh triggers from the US Federal Reserve or changes in the dollar index could further influence prices.Traders and investors are advised to watch for a decisive break above ₹107,800 for confirmation of further upside, while keeping a close eye on ₹105,600 as a critical support zone. Risk management remains key in volatile market conditions.

MCX Gold Trading Strategy

MCX Silver Outlook

MCX Silver continues to trade with a positive bias, supported by strong buying interest and favorable global cues. The white metal is showing signs of strength and may soon test the key resistance level of ₹130,000 in the coming sessions. This level is expected to act as a short-term target if the bullish momentum sustains, especially amid increasing industrial demand and safe-haven buying.On the downside, silver is finding firm support near the ₹123,000 level, which has held steady during recent corrections. This support zone is crucial for maintaining the current uptrend and may attract fresh buying if prices dip towards it. Technically, silver is trading above key moving averages, and momentum indicators such as RSI are pointing toward sustained bullish sentiment.Fundamentally, silver is benefiting from a combination of industrial use — especially in electronics and renewable energy — and its status as a hedge against inflation and economic uncertainty. Additionally, movements in the US dollar and yields are likely to influence silver’s direction in the short term.Traders should monitor price action closely near ₹130,000 for potential breakout opportunities, while keeping ₹123,000 as a stop-loss or re-entry level for long positions. Overall sentiment remains positive, with a potential for further gains.

MCX Silver Trading Strategy

(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)