Comex Gold, Gold price, silver price, gold silver news: Gold prices surged past $2,600, with silver also climbing as geopolitical tensions remain high. Israeli forces intensified their attacks on Lebanon, resulting in at least five fatalities in central Beirut, while a Hezbollah missile strike wounded six people in Tel Aviv. Israeli Prime Minister Benjamin Netanyahu vowed to continue operations against Hezbollah, even if a ceasefire is brokered, while U.S. envoy Amos Hochstein heads to Beirut for truce discussions.
The Russia-Ukraine conflict also saw escalation, marking 1,000 days since the invasion began. The Biden administration authorized Ukraine to use U.S.-supplied long-range missiles to strike deeper into Russian territory.
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Gold is expected to hit record highs in 2025, driven by central-bank buying and anticipated U.S. interest rate cuts, according to Goldman Sachs Group Inc. The bank has listed gold among its top commodity trades for the year and suggests prices may see further boosts under Donald Trump’s presidency. “Go for gold,” advised analysts led by Daan Struyven in a recent note, maintaining a price target of $3,000 per ounce by December 2025. This projection is based on structural support from strong central-bank demand and a cyclical boost as Federal Reserve rate cuts attract flows into exchange-traded funds.
Gold and silver closed on a strong note Monday in international markets, with December gold futures settling at $2,614.60 per troy ounce (up 1.73%) and silver futures at $31.212 per troy ounce (up 2.56%). In domestic markets, gold futures settled at ₹75,047 per 10 grams (up 1.49%) and silver at ₹90,513 per kilogram (up 2.37%).
Manoj Kumar Jain, Director at Prithvi Finmart, noted that gold and silver rebounded on Monday amid intensified Russia-Ukraine conflict and profit-taking in the dollar index. The dollar saw a pullback from its recent highs, providing support to precious metals, alongside Goldman Sachs’ bullish outlook for gold, projecting $3,000 per ounce by December 2025.
Jain forecasts that gold and silver may remain volatile due to fluctuations in the dollar index and U.S. bond yields but could hold key support levels of $2,554 and $29.88 per troy ounce. He said ”Gold has support at $2600-2584, while resistance at $2634-2650 per troy ounce and silver has support at $30.84-30.55, while resistance is at $31.50-31.80 per troy ounce in today’s session. At mcx, gold is having support at 74770-74500 and resistance at 75330-75650 while silver is having support at 89800-89150 and resistance at 91200-92000.”
IIDM Daily update
Resistance level is situated at 2625/30 above which we can see an upside move towards 2650-2660. Crucial support is seen at 2600 below which a further dip towards 2590-2575 can be seen.
Kedia Commodity Update
Resistance: 75380-75710-76225
Support: 74535-74020-73690
SILVER – 90513
Resistance: 91200-91880-93010
Support: 89390-88260-87580
GOLD$ – 2612.69
Resistance: 2628.07-2644.16-2655.36
Support: 2582.91-2553.84-2542.64
SILVER$ – 31.1695
Resistance: 31.51-31.84-32.06
Support: 30.61-30.04-29.82
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IBJA Gold Silver Price 18 November (Without GST)
Gold
999 Rs 74808
995 Rs 74508
916 Rs 68524
750 Rs 56106
585 Rs 43763
Silver
999 Rs 89289
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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.