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
Enrich Money View for the Week for COMEX Gold:
“COMEX Gold has undergone a sharp corrective move after retesting its previous record-high resistance zone of $5,300– $5,500, and is currently trading in the $4,450–$4,520 range. The decline is primarily attributed to dollar strength and profit booking pressure, even as geopolitical uncertainties continue to provide underlying support
On the downside, immediate support is placed in the $4,250–$4,400 zone; a decisive breakdown below this range could open the door for a deeper correction toward $3,800–$4,000. In the near term, momentum remains neutral to slightly bearish, although the broader structure continues to reflect higher lows, indicating underlying strength.
Sustaining above the $4,400 level remains critical for a potential recovery toward $4,700–$4,800. Overall, the broader bullish bias remains intact unless key support levels are decisively breached, with macro economic factors continuing to influence price direction.“
Enrich Money View for the Week for MCX Gold:
“MCX Gold has come under meaningful corrective pressure, declining sharply from its earlier highs in the ₹1,55,000–₹1,60,000 range and currently trading around ₹1,40,000–₹1,45,000, influenced by global bullion weakness and currency movements. The decline primarily reflects profit-booking following the earlier safe-haven rally driven by geopolitical tensions, with prices now approaching lower support levels after a sustained multi-week uptrend.
The ₹1,35,000–₹1,40,000 region is emerging as a key demand zone, where buying interest is visible, helping to maintain the broader higher-low structure. In the near term, momentum indicators point toward a neutral to slightly bearish bias, suggesting consolidation rather than a confirmed reversal.
Holding above ₹1,42,000 remains important for a potential recovery toward ₹1,50,000– ₹1,52,000, with further upside extending toward ₹1,55,000–₹1,60,000 if fresh triggers emerge.
However, a decisive break below the ₹1,42,000–₹1,45,000 zone could increase downside pressure, dragging prices toward ₹1,40,000 and potentially ₹1,35,000. despite the recent corrections, the broader bullish outlook remains intact unless key structural supports are violated, with macroeconomic and geopolitical factors continuing to provide underlying support.“
Enrich Money View for the Week for COMEX Silver:
“COMEX Silver continues to trade within a subdued range of $62–$70 after a sharp correction from its earlier highs near the $93–$97resistance zone, with the decline largely driven by profit-booking and a stronger US dollar.
On the downside, the $60–$65 zone acts as a critical demand base; a decisive breakdown below this region could accelerate weakness toward $50 or lower levels.
On the upside, a sustained hold above this support may trigger a recovery toward $75–$80, with extended gains potentially reaching $85–$90.
Overall, the broader bullish bias remains intact, supported by a balance between safe-haven demand and industrial demand. However, this outlook would weaken if there is a decisive break below the key $60–$65 support zone, while geopolitical developments and macroeconomic factors are expected to continue influencing price direction.“
Enrich Money View for the Week for MCX Silver:
“MCX Silver has seen a sharp corrective decline, retreating significantly from its earlier highs and currently trading in the ₹2,20,000–₹2,30,000 range amid heavy profit-booking and corresponding weakness in global silver prices. The recent move suggests a phase of stabilization after a strong impulsive rally, with prices consolidating between near-term support and overhead resistance levels.
Earlier shallow corrections had indicated dip accumulation; however, the current pressure is testing the ₹2,20,000–₹2,15,000 demand zone. A failure to hold this zone could expose prices to a deeper correction toward ₹2,00,000 or even ₹1,80,000. In the near term, momentum reflects a slightly bearish bias, indicating consolidation rather than a clear reversal.
Sustaining above ₹2,15,000 may support a recovery toward ₹2,40,000, followed by ₹2,50,000, with further upside possible if buying strength improves. The broader bullish trend remains intact unless key supports near ₹2,00,000 are decisively broken, while macroeconomic tail winds continue to support the market”
JM Financial View for the Week for MCX Gold:
“Gold futures continued their corrective momentum and were down till mid-Thursday, but prices recovered slightly and consolidated in rest of the trading sessions, before closing the week down by 8.6%.
On indicators: 14-week RSI is trading above 50, but below its moving average, while MACD indicator is trading above the mid-zero line, but with a negative difference.
Outlook: Momentum looks down with Resistance at 156,000/ 157,600, while on the downside prices may dip further towards next Target’s at 137,000/ 125,000″
JM Financial View for the Week for MCX Silver:
“Silver futures too continued their corrective momentum and were down till mid-Thursday, but prices recovered slightly and consolidated, before closing the week down by 12.3%.
On indicators: 14-week RSI is trading above 50, but below its moving average, while MACD indicator is trading above the mid-zero line, but with a negative difference.
Outlook: Momentum remains down till below Resistance at 254,900/ 263,000, while on the downside prices may dip further towards 200,000/ 165,000
Kedia Commodity View for the Week for MCX Silver:
“From a technical standpoint, the market is clearly under fresh selling pressure, with open interest rising alongside falling prices, indicating the build-up of bearish positions. Immediate support is seen at 2,15,225, and a break below this level could trigger further downside toward 1,98,985.
On the upside, resistance is placed at 2,46,690, with a move above this level potentially leading to a recovery toward 2,61,915.”
FAQs
1. Why are gold and silver prices expected to remain volatile this week?
Gold and silver prices may stay volatile because global markets are preparing for key economic data releases, multiple central bank rate decisions, and ongoing geopolitical developments.
2. What is Enrich Money’s weekly outlook for COMEX Gold?
Enrich Money says COMEX Gold is in a corrective phase after failing near the $5,300–$5,500 resistance zone and is currently trading around $4,450–$4,520. Support is seen at $4,250–$4,400, while recovery could take prices toward $4,700–$4,800 if support holds.
3. What are the important levels for MCX Gold this week?
For MCX Gold, Enrich Money sees the ₹1,35,000–₹1,40,000 region as a key support zone. Holding above ₹1,42,000 is important for a possible rebound toward ₹1,50,000–₹1,52,000, while a breakdown could drag prices toward ₹1,40,000 or ₹1,35,000.
4. What is the forecast for silver prices on MCX?
Experts believe MCX Silver is under corrective pressure and is currently trading in the ₹2,20,000–₹2,30,000 range. Support is seen around ₹2,15,000–₹2,20,000, while a recovery could take prices toward ₹2,40,000 and ₹2,50,000 if buying strength returns.
5. Do experts still see a bullish trend in gold and silver?
Yes, despite the recent correction, most experts believe the broader bullish trend in both gold and silver remains intact unless key support zones are decisively breached.
FAQs
1. Why are gold and silver prices expected to remain volatile this week?
Gold and silver prices may stay volatile because global markets are preparing for key economic data releases, multiple central bank rate decisions, and ongoing geopolitical developments.
2. What is Enrich Money’s weekly outlook for COMEX Gold?
Enrich Money says COMEX Gold is in a corrective phase after failing near the $5,300–$5,500 resistance zone and is currently trading around $4,450–$4,520. Support is seen at $4,250–$4,400, while recovery could take prices toward $4,700–$4,800 if support holds.
3. What are the important levels for MCX Gold this week?
For MCX Gold, Enrich Money sees the ₹1,35,000–₹1,40,000 region as a key support zone. Holding above ₹1,42,000 is important for a possible rebound toward ₹1,50,000–₹1,52,000, while a breakdown could drag prices toward ₹1,40,000 or ₹1,35,000.
4. What is the forecast for silver prices on MCX?
Experts believe MCX Silver is under corrective pressure and is currently trading in the ₹2,20,000–₹2,30,000 range. Support is seen around ₹2,15,000–₹2,20,000, while a recovery could take prices toward ₹2,40,000 and ₹2,50,000 if buying strength returns.
5. Do experts still see a bullish trend in gold and silver?
Yes, despite the recent correction, most experts believe the broader bullish trend in both gold and silver remains intact unless key support zones are decisively breached.
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