Both assets maintain an upward trajectory as long as critical support levels remain defended by active market buyers. For MCX Gold, clearing the 147,000 resistance mark could trigger an advance toward 151,500, with an entry proposed near Rs 141,400. Meanwhile, MCX Silver is consolidating after bouncing off its yearly low, with analysts targeting moves toward 200,000 and 210,000 if upward momentum persists over the coming week.
Key points
Key support for MCX Gold is positioned at 137,800, with a breach threatening further decl…: Key support for MCX Gold is positioned at 137,800, with a breach threatening further declines toward the 132,000 mark.
Technical support for MCX Silver stands firmly at 174,000, below which prices risk slidin…: Technical support for MCX Silver stands firmly at 174,000, below which prices risk sliding down toward 160,000.
Current market consolidations provide tactical opportunities to establish long positions…: Current market consolidations provide tactical opportunities to establish long positions across both precious metals.
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Gold and silver price prediction today: Any dips in gold and silver prices can be used to initiate long positions, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group. Here is his outlook:MCX Gold Price Outlook
MCX Gold has rebounded from the lower boundary of its broad consolidation range, holding above support at previous swing lows that has remained intact since January 2026. Prices have traded in a narrow range over the past two weeks during the festive period and are likely to remain range-bound until a breakout occurs. As long as the recent weekly lows hold, the outlook is sideways to bullish, with this bias expected to prevail through the week.
Gold may face resistance at 147,000, being the level of 30-week exponential moving average. A close above it would point to a potential move toward the level of 151,500. The bias should remain bullish while support holds at 137,800, which may also mark a reversal point for an intermediate rally. However, a close beneath this support could revive bearish momentum, with prices potentially moving down…
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