Gold and Silver Price Prediction Today

Gold prices are likely to consolidate in the near term, navigating through a volatile global economic environment. Silver prices are also showing signs of weakness. Experts suggest cautious trading strategies for both commodities.

MCX Gold Price Outlook

Gold prices on the Multi Commodity Exchange (MCX) are expected to range between Rs 98,000 to Rs 1,00,000, forming a base for potential upward movement. A breakout above Rs 1,01,000 could signal strength towards Rs 1,03,000.

MCX Silver Price Outlook

Silver is forming a pattern of lower highs and lower lows, indicating a bearish trend. Immediate support is near Rs 1,09,000, with resistance at Rs 1,14,000. Traders are advised to monitor these levels closely.

Trading Strategies

Gold: CMP: Rs 99,700 | Target: Rs 98,000 | Stop Loss: Rs 1,01,000

Silver: CMP: Rs 1,11,500 | Target: Rs 1,09,000 | Stop Loss: Rs 1,16,000

(Disclaimer: The views expressed are those of the experts and do not represent the views of The Times of India.)