Gold & silver price prediction in the present day: Will gold rate hit Rs 1 lakh mark soon – what’s the outlook and should you buy or promote?

Gold and silver price prediction in the present day: Will gold costs hit the Rs 1 lakh mark anytime soon? Experts are of the view that amidst ongoing world financial uncertainty resulting from Donald Trump’s tariff conflict, gold as a secure haven asset is in focus. Silver costs too have seen a major rally. Where are gold and silver costs headed in the close to time period and what should buyers do? Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group shares his views:

MCX Gold Price Outlook

Prices have damaged the sturdy ₹96,500 resistance zone, triggering a brief-time period bullish bias in MCX gold. Technicals counsel quick upside targets close to ₹98,500 and probably additional increased towards ₹99,800 if momentum picks up.Several technical indicators reinforce this optimistic close to-time period outlook: gold has regained above its 9 interval EMAs, the RSI above 50 zone, and MACD on the verge of giving optimistic crossover—basic indicators of a brief-time period uptrend. As lengthy as ₹96,500 stays supported, bulls retain management.In markets over the medium-to-long run, gold fundamentals stay beneficial. Easing Fed rate stress, geopolitical uncertainty, and supportive macro tendencies are anticipated to propel costs increased over the longer horizon.The bias is optimistic in the quick run—watch ₹98,500–₹99,800 as subsequent resistance.

MCX Gold Trading Strategy

MCX SILVER Price Outlook

Silver costs witnessed a major rally just lately, touching highs close to ₹1,15,000 per kg earlier than experiencing some revenue reserving and cooling off in direction of the ₹1,12,000 mark. Despite the quick-time period correction, the total development in silver stays firmly optimistic, underpinned by each technical energy and basic assist.From a technical standpoint, silver continues to make increased highs and increased lows, a basic signal of a sustained uptrend. The key assist is now positioned at ₹1,09,000, and so long as costs maintain above this degree, the upward bias is more likely to stay intact. On the increased facet, a breakout above ₹1,15,000 might open the gates for a transfer in direction of ₹1,18,000 in the coming periods.Fundamentally, silver continues to profit from sturdy industrial demand, particularly in sectors like electronics, electrical autos, and photo voltaic panel manufacturing. Additionally, world macroeconomic uncertainties and expectations of potential rate cuts by main central banks have renewed investor curiosity in treasured metals as a secure haven.Any dips in direction of assist ranges may be seen as shopping for alternatives for merchants with a optimistic outlook. With the confluence of sturdy fundamentals and supportive technicals, silver costs are effectively-positioned to renew their upward trajectory in the medium time period.

MCX SILVER Trading Strategy

(Disclaimer: Recommendations and views on the inventory market and different asset courses given by specialists are their very own. These opinions don’t signify the views of The Times of India)