Gold Price Today: Global markets are heading into a pivotal week as several key economic data releases and major central bank policy decisions are set to influence the short-term direction of financial markets. At the same time, rate decisions from five central banks is also in the upcoming week. With several high-impact events and geopolitical developments unfolding, market volatility may rise—and against this backdrop, experts have shared their outlook for gold and silver prices in the coming week.
Gold Silver Price Weekly Forecast
JM Financial, Pranav Mer views on Gold:
“Gold futures were stuck in a range for most of the trading sessions but broke down from the range on Friday, closing the week lower by 2. On indicators, the 14-week RSI is trading above 70 but close to its moving average, while the MACD indicator is trading above the mid-zero line with a positive difference.”
JM Financial, Pranav Mer outlook on Gold:
“In the week ahead, look for support at 157,500. Sustaining below this level may lead to further correction towards 150,750 and 145,000 levels, with resistance at 163,580. However, as long as 157,500 holds, prices may continue to consolidate and trade between 157,500 and 163,500.”
JM Financial, Pranav Mer views on Silver:
“Silver futures were stuck in a range for most of the trading sessions but broke down from the range on Friday to close the week lower by 3–4. On indicators, the 14-week RSI has dipped below 70 but remains above 50 and close to its moving average, while the MACD indicator is trading close to the mid-zero line with a negative difference.”
JM Financial, Pranav Mer outlook on Silver:
“Momentum has reversed again after support at 257,800 was breached on Friday. In the week ahead, prices may continue to see a corrective move towards targets at 226,000 and 180,000, while on the upside resistance holds at 280,000.”
Enrich Money, outlook on COMEX Gold:
“COMEX gold futures are trading with a firm undertone in the current session, hovering around the $5,050–$5,000 range compared to the prior close near $5,150–$5,175. Earlier in the week, prices attempted to move toward the $5,215–$5,250 resistance region but failed to sustain those levels, leading to a gradual drift toward the $5,000–$4,950 support zone.
The broader bullish structure remains intact, supported by persistent central bank accumulation and strong safe-haven demand amid ongoing geopolitical tensions. However, recent price action reflects short-term consolidation and corrective pressure following the retreat from weekly highs near $5,215– $5,250. A decisive breakout above this resistance region could potentially accelerate the next leg of the rally toward $5,400–$5,600 or even higher levels.
On the downside, the $4,830–$4,900 zone is emerging as a strong near-term support band. A sustained break below $4,800 could trigger further corrective pressure toward the $4,700 region. Nevertheless, as long as prices continue to trade within the rising long-term trend channel, the overall outlook remains structurally bullish, with dips likely presenting accumulation opportunities within this extended bullcycle.“
Enrich Money, outlook on MCX Gold:
“MCX Gold is currently trading near ₹1,58,200–₹1,58,900, as prices witnessed a mild corrective move this week after encountering resistance near the ₹1,63,000– ₹1,63,200 region. The inability to sustain above this resistance zone triggered some profit booking, leading prices to gradually drift toward the ₹1,58,000–₹1,57,500 immediate support area, which continues to act as a solid demand zone with recent lows finding support and preserving the broader higher-low structure.
Momentum indicators currently reflect a temporary neutral to mildly bearish tilt in the short term, as the market continues to trade below the recent swing resistance. As long as prices hold above ₹1,58,000, gold retains the potential to move toward ₹1,62,000–₹1,65,000 initially, and possibly retest higher resistance around ₹1,68,000–₹1,70,000 if bullish catalysts strengthen.
However, a decisive break below ₹1,57,000 could intensify downside pressure, potentially extending the corrective move toward the ₹1,55,000–₹1,50,000 support zone. Despite this near-term correction, the broader bullish bias remains intact as long as key structural support levels remain unbroken, supported by favorable macro economic tailwinds.”
Enrich Money, outlook on COMEX Silver:
“COMEX Silver witnessed a notable pullback this week after facing strong resistance near the $88–$90.10 region. The inability to sustain higher levels triggered a wave of profit taking, with prices gradually easing toward the $78.4–$80.00 immediate support zone and currently trading slightly above the $80 level.
On the daily chart, the recent decline suggests a loss of short-term upward momentum as prices retrace from recent swing highs. Short-term momentum indicators remain neutral to mildly bearish, pointing toward a consolidation phase. A sustained break below $80 could push prices toward the $76–$72 support area
However, the broader structure continues to point toward a constructive outlook as long as prices hold above the key $80 structural support level. A sustained recovery above $90 could revive bullish momentum and potentially pave the way for another attempt toward the $97 resistance zone.”
Enrich Money, outlook on MCX Silver:
“MCX Silver is currently trading in the ₹2,54,000–₹2,60,000 range, with prices remaining under pressure this week as the metal extended its corrective decline after failing to sustain above the ₹2,80,000–₹2,92,000 resistance zone. The recent rejection from higher levels has triggered fresh selling interest, pushing prices back toward the ₹2,58,000–₹2,54,000 support region.
On the daily chart, price action reflects weakening short-term momentum as the metal continues to trade below the descending trendline resistance drawn from recent swing highs. A sustained break below ₹2,55,000–₹2,53,000 could extend the corrective phase further toward the ₹2,45,000–₹2,35,000 support zone in the near term.
However, the broader structural outlook may remain constructive as long as prices hold above the major support near ₹2,55,000. A decisive breakout above ₹2,80,000 could signal renewed buying momentum and open the door for a recovery toward ₹2,90,000, while sustained bullish momentum could eventually push prices toward previous all-time highs.“
SMC Global Outlook for Comex Gold and Silver:
“COMEX gold is currently facing resistance near $5,240 while strong support is seen around $4,980. A breakout on either side could determine the next directional trend in the metal. Silver prices are expected to trade in the range of $71.00–$78.00”
SMC Global Outlook for MCX Gold and Silver:
“On MCX, gold may trade between ₹153,000 and ₹160,000 in the coming week, while silver islikely to move within the ₹240,000–₹279,000 range.”
Gold Price Today: FAQs
1. What is the gold price outlook for the coming week?
According to analysts at JM Financial, gold could find support near ₹1,57,500. If prices sustain above this level, they may consolidate between ₹1,57,500 and ₹1,63,500, while a break below could trigger deeper corrections.
2. What are the key resistance levels for gold?
Analysts highlight resistance around ₹1,63,500 on MCX gold, while COMEX gold faces a key resistance zone near $5,215–$5,250.
3. What is the short-term outlook for silver prices?
Silver may continue its corrective phase after breaking key support levels. Analysts suggest potential downside targets around ₹2,26,000 and ₹1,80,000 if selling pressure continues.
4. What levels should traders watch in COMEX silver?
COMEX silver has immediate support around $80, while a break below could push prices toward the $76–$72 zone. On the upside, a move above $90 may revive bullish momentum.
5. Is the long-term outlook for gold and silver still bullish?
Yes. Analysts from Enrich Money note that the broader bullish structure remains intact due to strong safe-haven demand, central bank buying, and supportive macroeconomic conditions.
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