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Gold and Silver Prices Surge: Is the Rs 1 Lakh Mark for Gold Achievable Soon? Experts Weigh In

Gold and Silver Price Prediction Today

Amidst ongoing global economic uncertainty, particularly due to Donald Trump’s tariff war, gold as a safe haven asset is in focus. Silver prices have also seen a significant rally. Experts are closely monitoring these trends to predict where prices are headed in the near term.

MCX Gold Price Outlook

Prices have broken the strong ₹96,500 resistance zone, triggering a short-term bullish bias in MCX gold. Technicals suggest immediate upside targets near ₹98,500 and possibly further higher toward ₹99,800 if momentum picks up.

Several technical indicators reinforce this positive near-term outlook: gold has regained above its 9 period EMAs, the RSI above 50 zone, and MACD on the verge of giving positive crossover—classic signs of a short-term uptrend. As long as ₹96,500 remains supported, bulls retain control.

MCX Gold Trading Strategy

CMP: 97400
Target 1: 98500
Target 2: 99800
Stoploss: 96500

MCX SILVER Price Outlook

Silver prices witnessed a significant rally recently, touching highs near ₹1,15,000 per kg before experiencing some profit booking and cooling off towards the ₹1,12,000 mark. Despite the short-term correction, the overall trend in silver remains firmly positive, underpinned by both technical strength and fundamental support.

MCX SILVER Trading Strategy

CMP: 112000
Target: 118000
Stoploss: 109000

Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India.