Prithvi Finmart Private Limited has shared its commodity outlook for Diwali Samvat 2083, recommending investors consider buying gold and silver in a systematic investment plan (SIP) mode. The brokerage sees gold potentially reaching Rs 1,65,000 per 10 grams and silver touching Rs 2,18,000 per kilogram on the Multi Commodity Exchange (MCX) by Diwali 2027. The recommendations are based on technical indicators, key support levels and expectations of a possible improvement in global economic and geopolitical conditions.
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Prithvi Finmart’s Gold Forecast for 2027
According to Prithvi Finmart, gold closed at Rs 1,42,167 per 10 grams on MCX on November 6, 2026. In the international market, gold settled at 4,079.50 dollar per troy ounce on the same day.
The report identifies 3,880 dollar per troy ounce as a key international support level. It also states that gold had reached a life-time high of 5,680.80 dollar per troy ounce last year.
On MCX, gold is holding an important support level of Rs 1,37,000 and trading above Rs 1,40,000 per 10 grams.
Prithvi Finmart believes that selling pressure over the previous two quarters was triggered by factors such as Federal Reserve rate hikes, the US-Iran war, higher crude oil prices and rising US bond yields. However, the brokerage expects the trend to potentially reverse following the US midterm election results.
The technical outlook indicates that gold is currently in a consolidation phase after profit booking at higher levels. Moving Average Divergence and the Relative Strength Index (RSI) are indicating oversold conditions, while central bank buying is supporting the long-term bullish trend.
Gold Buying Range, Target and Stop Loss
Prithvi Finmart has recommended buying gold in SIP mode in the range of Rs 1,40,000–Rs 1,36,500 per 10 grams.
- Buying Range: Rs 1,40,000–Rs 1,36,500
- Target Rs 1,51,000-Rs 1,58,000- 1,65,000
- Additional Target: Rs 1,65,000
- Stop Loss: Below Rs 1,29,800 on a monthly closing basis
The recommendation report lists targets of Rs 1,51,000–Rs 1,58,000, while the detailed gold outlook additionally mentions Rs 1,65,000 as an upside target.
Prithvi Finmart’s Silver Forecast for 2027
Prithvi Finmart has also maintained a positive long-term outlook on silver. The metal closed at Rs 1,84,787 per kilogram on MCX on November 6, 2026. In the international market, silver settled at 51.97 dollar per troy ounce.
The report identifies 44.40 dollar per troy ounce as a key support level for international silver. It also notes that silver had touched an all-time high of 121.785 dollar per troy ounce last year.
On MCX, silver is holding support at Rs 1,70,000 per kilogram and trading above Rs 1,80,000.
According to the brokerage, concerns over inflation, higher logistics costs and selling pressure in AI-based stocks have increased demand-related worries and weighed on silver prices. However, it expects this trend to potentially reverse in 2027.
The report also suggests that a possible end to the US-Iran war in 2027 could support industrial demand and provide further strength to silver prices.
From a technical perspective, silver is in the oversold zone and has been retesting its multi-year breakout levels. The report suggests that the bearish cycle could end within the next one to two months. Moving average divergence and RSI indicators are also pointing towards oversold conditions.
Prithvi Finmart expects silver to consolidate in the Rs 1,75,000–Rs 1,90,000 range before potentially moving higher.
Silver Buying Range, Target and Stop Loss
The brokerage recommends buying silver in SIP mode between Rs 1,80,000 and Rs 1,70,000 per kilogram.
- Buying Range: Rs 1,80,000–Rs 1,70,000
- Target: Rs 2,00,000-2,18,000
- Stop Loss: Below Rs 1,58,800 on a monthly closing basis
Key Gold and Silver Forecast Levels by Prithvi Finmart
Gold (MCX)
- Closing Price on November 6, 2026: Rs 1,42,167 per 10 grams
- Recommended Buying Range: Rs 1,40,000–Rs 1,36,500
- First Target: Rs 1,51,000
- Second Target: Rs 1,58,000
- Additional Target: Rs 1,65,000
- Stop Loss: Below Rs 1,29,800 on a monthly closing basis
- Key MCX Support: Rs 1,37,000
- International Support: 3,880 dollar per troy ounce
Silver (MCX)
- Closing Price on November 6, 2026: Rs 1,84,787 per kilogram
- Recommended Buying Range: Rs 1,80,000–Rs 1,70,000
- First Target: Rs 2,00,000
- Second Target: Rs 2,18,000
- Stop Loss: Below Rs 1,58,800 on a monthly closing basis
- Key MCX Support: Rs 1,70,000
- International Support: 44.40 dollar per troy ounce
What Could Influence Gold and Silver Prices in 2027?
Prithvi Finmart has highlighted several factors that could influence precious metal prices in the coming months:
- US Federal Reserve Policy: Interest-rate decisions and changes in monetary policy could influence gold and silver prices.
- US-Iran Conflict: The report expects a possible end to the US-Iran war in 2027, which could ease geopolitical risks and support industrial demand for silver.
- US Bond Yields: Changes in US bond yields could affect investment demand for gold.
- Central Bank Buying: Continued central bank purchases are identified as a supporting factor for gold’s long-term bullish trend.
- Industrial Demand: A possible improvement in industrial demand could provide support to silver prices.
- Technical Indicators: Moving average divergence and RSI readings currently indicate oversold conditions in both precious metals.
Prithvi Finmart’s Overall View on Gold and Silver
Prithvi Finmart’s Diwali Samvat 2083 outlook remains positive on gold and silver over the longer term. The brokerage recommends staggered buying through SIP mode rather than entering the market at a single price level.
It sees gold moving towards Rs 1,51,000–Rs 1,58,000, with an additional upside target of Rs 1,65,000. Silver could potentially advance towards Rs 2,00,000–Rs 2,18,000 per kilogram.
Investors should note that these are research-based projections and not guaranteed price levels. The report recommends maintaining the stated stop losses on a monthly closing basis.
FAQ’s
1. What is Prithvi Finmart’s gold price target for 2027?
Prithvi Finmart has given gold targets of Rs 1,51,000 and Rs 1,58,000 per 10 grams, with an additional upside target of Rs 1,65,000.
2. What is the silver buying range suggested by Prithvi Finmart?
The brokerage recommends buying silver in SIP mode between Rs 1,80,000 and Rs 1,70,000 per kilogram.
3. Why is Prithvi Finmart bullish on gold in the long term?
The report highlights central bank buying, oversold technical indicators and the possibility of a reversal in the recent selling trend as factors supporting gold’s long-term outlook.
4. What factors could support silver prices in 2027?
According to the report, a possible improvement in industrial demand, an easing of US-Iran geopolitical tensions and oversold technical indicators could support silver prices.
5. What stop-loss levels has Prithvi Finmart recommended for gold and silver?
The brokerage has recommended a stop loss below Rs 1,29,800 for gold and below Rs 1,58,800 for silver, both on a monthly closing basis.
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