Gold & silver price prediction today: Will gold rate hit Rs 1 lakh mark soon – what’s the outlook and should you buy or sell? – OXBIG NEWS NETWORK-OxBig News Network

Gold and silver price prediction today: Will gold prices hit the Rs 1 lakh mark anytime soon? Experts are of the view that amidst ongoing global economic uncertainty due to Donald Trump’s tariff war, gold as a safe haven asset is in focus. Silver prices too have seen a significant rally. Where are gold and silver prices headed in the near term and what should investors do? Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group shares his views:

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.In markets over the medium-to-long term, gold fundamentals remain favourable. Easing Fed rate pressure, geopolitical uncertainty, and supportive macro trends are expected to propel prices higher over the longer horizon.The bias is positive in the short run—watch ₹98,500–₹99,800 as next resistance.

MCX Gold Trading Strategy

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.From a technical standpoint, silver continues to make higher highs and higher lows, a classic sign of a sustained uptrend. The key support is now placed at ₹1,09,000, and as long as prices hold above this level, the upward bias is likely to remain intact. On the higher side, a breakout above ₹1,15,000 could open the gates for a move towards ₹1,18,000 in the coming sessions.Fundamentally, silver continues to benefit from strong industrial demand, especially in sectors like electronics, electric vehicles, and solar panel manufacturing. Additionally, global macroeconomic uncertainties and expectations of potential rate cuts by major central banks have renewed investor interest in precious metals as a safe haven.Any dips towards support levels can be seen as buying opportunities for traders with a positive outlook. With the confluence of strong fundamentals and supportive technicals, silver prices are well-positioned to resume their upward trajectory in the medium term.

MCX SILVER Trading Strategy

(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 OXBIG NEWS NETWORK)