Gold Price Today Neews: Gold and silver prices edged higher on Monday after Moody’s Ratings downgraded the United States’ sovereign credit rating by one notch—from Aaa to Aa1—triggering a rush toward safe-haven assets. Spot gold crossed the psychological $3200 per troy ounce mark, while MCX gold hovered above ₹93,000. However, both metals later pared some gains amid profit booking and mixed global cues.
In early trade, gold rallied sharply on the back of the credit rating cut and rising geopolitical risks, but prices began losing momentum as trading progressed. China’s April retail sales grew by 5.1%, missing expectations and adding to concerns over sluggish consumer demand—particularly for silver, which has high industrial usage.
Political developments also played a crucial role in driving sentiment. U.S. President Donald Trump announced his intention to broker a ceasefire between Ukraine and Russia and is expected to speak with Russian President Vladimir Putin at 7:30 IST today. Meanwhile, Russia launched its largest drone strike of the war just hours ahead of the scheduled Trump-Putin call, with further tensions brewing as Kyiv reported a possible ICBM launch plan. Ukrainian President Volodymyr Zelenskiy also held talks with U.S. Vice President Vance, according to a source in the Ukrainian delegation.
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Adding to the global mix, Japan witnessed a historic surge in capital inflows as investors exited U.S. markets. In April, overseas investors poured 8.21 trillion yen ($56.6 billion) into Japanese equities and long-term bonds—the highest monthly inflow since 1996, according to Morningstar, following President Trump’s aggressive trade rhetoric.
Back on the metals front, Manoj Kumar Jain said, “Gold prices saw their biggest weekly fall since mid-June 2021 and slipped to 5-week lows. Silver prices also slipped to 2-week lows and are facing resistance at higher levels.” He added that gold closed below $3,200 and may show further weakness in the coming sessions.
“We expect gold and silver prices to remain volatile this week amid fluctuations in the dollar index and ahead of the Russia-Ukraine peace talks. Gold may test its next support level of $3,120 per troy ounce and silver could also test $31.40,” Jain said.
Manoj Kumar Jain Technical Levels:
- Gold Spot: Support at $3164–3140; resistance at $3207–3234
- Silver Spot: Support at $32.00–31.80; resistance at $32.60–32.84
- MCX Gold: Support at ₹91,950–91,400; resistance at ₹92,850–93,360
- MCX Silver: Support at ₹94,650–93,800; resistance at ₹96,000–96,650
Augmont Gold Silver Price Weekly Outlook
The yellow metal is still under pressure going into the weekend, according to technical analysis, trading close to $3180 after failing to hold above the key $3200 barrier. A possible trend reversal from April’s record highs is indicated by the bearish double top pattern visible on the daily chart. The 50-day Exponential Moving Average (EMA) around $3170 further supports the $3160–$3150 (~Rs 91500) support zone, which is in tight alignment with the pattern’s neckline. A clear breach below this range would pave the way for a more significant decline in the direction of the $3000 (~Rs 86000) handle.
Support for silver was maintained over $32 an ounce last week. Silver was down 1.5% at $32.26, and the ratio of gold to silver has fallen back below 100 due to silver’s greater outperformance over gold. The rotation into silver should continue as investors shift their attention to improved industrial activity and recession fears begin to subside. Silver is expected to continue its range-bound momentum from $32 (~Rs 94000) to $34 (~Rs 98000) going forward.
IIDM Gold Price Outlook:
According to IIDM, “Key resistance is located at $3,250. Sustained trading above this level will open doors for $3,300–3,360. Strong support lies at $3,155, below which gold may slide further to $3,075–3,000.”
Kedia Commodity’s Outlook:
- Gold (MCX): “Immediate support lies at ₹91,520, and a break below could test ₹90,600. On the upside, resistance is seen at ₹93,455, with potential to test ₹94,470 if bullish momentum returns.”
- Silver (MCX): “Immediate support is at ₹94,430, with further downside risk toward ₹93,540. Resistance is now pegged at ₹96,155, and a break above could open the path to ₹96,990.”
Currency Outlook:
On the currency front, Manoj Kumar Jain noted, “As per the daily technical chart, the USDINR pair is trading above its support level of 85.1900 and expected to trade in the range of 84.8000–86.4500 this week.”
Kedia Commodity’s Currency Trading Ranges:
- USDINR: 85.17–85.97
- EURINR: 95.48–96.44
- GBPINR: 113.48–114.42
- JPYINR: 58.45–59.37
CA Surendra Mehta, IBJA, Weekly Range For Gold and Silver 19/05/2025 to 23/05/2025
Gold Spot : 3100$-3283$
Gold INR : 89500-94800
Silver Spot: 31.26$-33.10$
Silver INR: 92250-97700
Nirmal Bang Prediction for Gold and Silver Prices
JM Financial Gold and Silver Forecast for the Day
Geojit Group Outlook for gold silver today
Motilal Oswal Group Gold, Silver Price Prediction
Big Events of the Week (May 19–23, 2025)
Monday, May 19
2:30 PM (EA) – Euro Area: Core Inflation Rate YoY Final (April)
7:30 PM (US) – President Trump’s call with President Putin
2:50 AM (US) – Fed Williams Speech
6:00 PM (US) – Fed Bostic Speech
6:15 PM (US) – Fed Jefferson and Williams Speeches
Tuesday, May 20
6:45 AM (CN) – China: Loan Prime Rate 1Y and 5Y (May)
6:30 PM (US) – Fed Barkin Speech
6:30 PM (US) – Fed Bostic Speech
Wednesday, May 21
2:30 AM (US) – Fed Kugler Speech
11:30 AM (UK) – UK: Inflation Rate YoY (April)
9:30 PM (US) – Fed Barkin Speech
Thursday, May 22
6:00 PM (US) – Initial Jobless Claims (May week)
6:00 PM (US) – Continuing Jobless Claims (as of May 10)
7:15 PM (US) – S&P Global Services PMI Flash (May)
7:30 PM (US) – Existing Home Sales (April)
Friday, May 23
5:00 AM (JP) – Japan: Inflation Rate YoY (April)
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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.
