Gold prices crossed the 3000 dollar mark per troy ounce for the first time, raising the big question of what comes next. Many Indian analysts believe the rally is far from over. Some predict that gold could rise beyond 92000 rupees per 10 grams, while silver may cross 1.20 lakh per kilogram in the near future.
The coming week will be crucial for the gold and silver markets as four major central banks, the US Federal Reserve, the Bank of England, the People’s Bank of China, and the Bank of Japan, will announce their interest rate decisions. Additionally, the Russia Ukraine peace talks will remain a key focus, influencing market sentiment.
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Leading financial experts from Prithvi Finmart, Kedia Commodity, SMC Global, Augmont, Motilal Oswal, JM Financials, and CA Surendra Mehta have shared their views on gold and silver price trends.
Gold and Silver Prices Expected to Surge in 2025
Analysts expect gold and silver prices to continue their upward trend in 2025, driven by strong central bank purchases, a weakening US dollar, and expectations of Federal Reserve rate cuts. However, they also caution that market volatility and geopolitical risks could lead to sharp price swings before reaching new highs.
Gold and Silver Rally Amid Market Uncertainty
Gold and silver prices gained significant momentum last week as global financial markets faced uncertainty due to US trade tariffs. Gold reached a record high of 3000 dollars per ounce, while silver hit its highest level in four and a half months as investors turned to safe haven assets.
Investors Boost Gold ETF Holdings
Investor interest in gold has strengthened, with global gold exchange traded fund inflows reaching a 34 month high in February. Concerns about stagflation in the US have also supported bullion prices, with consumer confidence weakening and inflation expectations rising to 4.9 percent.
With major central bank meetings and ongoing geopolitical tensions, the outlook for gold and silver remains uncertain. Analysts suggest keeping an eye on key price levels, as the market could see further record highs or corrections in the coming weeks.
Gold Silver Outlook This Week
1. Prithvi Finmart
Gold and silver prices are likely to remain volatile this week due to fluctuations in the dollar index, ongoing U.S. trade tensions, and the upcoming Federal Reserve policy meetings, according to Manoj Kumar Jain, Director at Prithvi Finmart. However, both metals are expected to hold their key support levels of $2,922 per troy ounce for gold and $32.40 per troy ounce for silver on a weekly closing basis. Gold has support at $2,980–$2,955, while resistance is seen at $3,022–$3,040 per troy ounce. Silver has support at $34.00–$33.68, with resistance at $34.80–$35.15 per troy ounce during today’s session. On the MCX, gold has support at ₹87,550–₹87,200 and resistance at ₹88,320–₹88,600. Silver is holding support at ₹1,00,000–₹99,200, with resistance at ₹1,01,400–₹1,02,000.
2. SMC Global
SMC Global predicts that Trump’s new tariffs on steel and aluminum imports, and the EU’s retaliation, will further complicate global trade. However, silver is expected to outperform gold if manufacturing activity improves.
Expected Trading Ranges:
Gold (MCX): ₹83,000–₹88,000
Silver (MCX): ₹95,000–₹1,05,000
Silver (Comex): $31.50–$34.50 per ounce
3. CA Surendra Mehta, IBJA National Secretary,
Weekly Gold and Silver Price Predictions (March 17–21, 2025)
Gold:
International: $2,929–$3,043
India: ₹86,250–₹89,600
Silver:
International: $32.81–$34.79
India: ₹97,650–₹1,03,850
Long Term View
4. Augmont:
According to Dr. Renisha Chainani, Head of Research at Augmont, gold closed 2024 at $2,640 (~₹77,800), with their 2025 outlook report recommending buying gold at the start of the year for a $3,000 target. After surpassing $3,000 (~₹88,000), gold is projected to extend its rally to $3,035 (₹88,800) and $3,080 (₹90,000) in the coming weeks. However, profit booking and retracement could push prices down to $2,800–$2,700 before further gains.
Dr. Renisha Chainani also highlighted that silver prices have surged above $34 (~₹100,000), supported by robust industrial demand. The next resistance level is expected at $35 (~₹103,000), with further upside possible if demand remains strong.
5. Kedia Commodity:
Kedia Commodity predicts gold will touch ₹92,000 on MCX in 2025. While a bullish trend dominates, experts warn of sharp corrections of ₹6,000–₹7,000 per 10 grams before reaching new peaks. A resolution of trade tensions or stronger U.S. economic data could also trigger market pullbacks.
6. Motilal Oswal Group:
According to Motilal Oswal’s silver report, silver prices are expected to find support near ₹86,000–₹87,500, with long-term targets at ₹1,11,111 and ₹1,25,000. On Comex, assuming USD/INR at 87, silver could reach $37.5 and $42.2 per ounce. The report suggests buying on dips for a 12–15 month investment horizon.
7. JM Financials
According to Pranav Mer, Vice President – Commodity & FX Research at JM Financial, gold futures ended last week 2.5% higher, with indicators signaling continued bullish momentum.
Gold Price Targets:
Support: ₹85,300/₹84,000
Resistance: ₹90,800/₹93,000
Silver Price Targets:
Support: ₹96,300/₹94,500
Resistance: ₹105,000/₹125,000
Big Events of The Week
Monday, March 17, 2025
United States
06:00 PM – Retail Sales Month-on-Month (February)
China
07:30 AM – Industrial Production Year-on-Year (January-February)
Tuesday, March 18, 2025
United States
06:00 PM – Building Permits Preliminary (February)
06:00 PM – Export Prices Month-on-Month (February)
06:45 PM – Industrial Production Month-on-Month (February)
06:45 PM – Manufacturing Production Month-on-Month (February)
Wednesday, March 19, 2025
United States
11:30 PM – Federal Reserve Interest Rate Decision
11:30 PM – FOMC Economic Projections
11:30 PM – Interest Rate Projection (1st Year)
12:00 AM – Federal Reserve Press Conference
Japan
08:30 AM – Bank of Japan Interest Rate Decision
Thursday, March 20, 2025
United States
06:00 PM – Initial Jobless Claims Moving Average
07:30 PM – Existing Home Sales (February)
United Kingdom
05:30 PM – Bank of England Interest Rate Decision
China
06:45 AM – Loan Prime Rate (1-Year)
06:45 AM – Loan Prime Rate (5-Year, March)
Friday, March 21, 2025
United States
02:00 AM – Federal Reserve Balance Sheet (March 19)
Other Major Events
Tariff Announcements by President Trump
Trump’s Statement on Trade and Economy
Russia-Ukraine War Developments
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Disclaimer:
The information provided in this article is for informational purposes only and reflects the views of industry experts. Before making any investment decisions, it is recommended that you consult a financial advisor. The team at Gold Price Today does not engage in personal buying, selling, or trading of gold or silver on exchanges. We are not responsible for any gains or losses incurred based on the information presented here.
