Gold and Silver Price Prediction Today: Gold and silver (chandi) are showing strong upward momentum as global uncertainty and geopolitical tensions drive investors toward safe-haven assets. Central banks are also adding to their gold (sona) reserves, boosting demand further. On the MCX gold is aiming for around ₹1,28,000, while silver could touch ₹1,60,000, supported by steady industrial and investment demand. Both Precious metals are likely to continue their upward trend in the near term.
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MCX Gold Price Outlook
Gold has crossed the key psychological level of $4,000, reflecting renewed investor confidence and strong buying interest. The metal is forming a pattern of higher highs and higher lows — a clear sign of continued strength.
The rally is mainly driven by global economic uncertainty, geopolitical tensions, and central banks increasing gold reserves to reduce their dependence on fiat currencies. In addition, expectations of lower interest rates and persistent inflation concerns are further supporting gold’s safe-haven appeal.
On the MCX, gold is trading well above ₹1,22,000, showing solid strength. If prices stay above the ₹1,20,000 support level, the next target could be around ₹1,28,000. Any short-term dips toward ₹1,20,000 are expected to attract new buying.
Overall, the outlook for gold remains positive both globally and domestically. As long as prices hold above key support levels, gold is likely to maintain its upward momentum in the near term.
MCX Gold Trading Strategy:
- Current Price (CMP): ₹1,22,000
- Target: ₹1,28,000
- Stop Loss (SL): ₹1,20,000
MCX Silver Price Forecast & Outlook
Silver is showing strong bullish momentum too, with COMEX Silver approaching the $50 level, last seen in 2011. This marks an important milestone, driven by rising industrial demand (especially from solar panels and electric vehicles) and renewed investor interest in precious metals as a hedge against inflation.
If silver breaks above $50, the next possible targets are $56 and $60, confirming its long-term bullish trend.
On the MCX silver is trading firmly above the ₹1,42,500 support level. As long as this support holds, prices could move toward ₹1,60,000 soon. The overall trend remains positive, supported by strong global cues and steady demand from both industrial and investment sectors.
Any minor corrections are likely to be temporary, as buyers continue to step in near support levels. With strong fundamentals and bullish technicals, silver seems ready to test multi-year highs in the coming weeks.
MCX Silver Trading Strategy:
- Current Price (CMP): ₹1,48,000
- Target: ₹1,60,000
- Stop Loss (SL): ₹1,42,500
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