Gold, silver price prediction today: Will gold hit Rs 1.75 lakh/10 grams & silver Rs 3.6 lakh/kg mark in coming sessions? Here’s the outlook

Gold seems well positioned to move toward the 175,000 level in the coming sessions. (AI image)

Gold and silver price prediction: Gold prices are showing strong bullish momentum, while silver prices too have a positive bias, says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:

MCX Gold Price Outlook

MCX Gold on the weekly chart is showing strong bullish momentum after breaking out of a brief consolidation phase and is currently trading near its all-time high of 157,750. With upward strength clearly reasserted and little indication of a reversal, the rally is likely to continue toward higher levels. The recent surge further validates the strength of the move, and the broader outlook remains positive as long as prices hold above the weekly low.From a weekly standpoint, the 145,000 level stands out as a crucial support, representing the recent lows of the current week. Any pullback toward this area is likely to invite fresh buying, helping to limit downside risk in the near term. Sustaining prices above this level reinforces the bullish structure and keeps the momentum positive.Gold seems well positioned to move toward the 175,000 level in the coming sessions. This potential upside aligns with the broader bullish trend and highlights the strength of prevailing market momentum. Moreover, the formation of higher highs and higher lows during the week further supports the positive sentiment, paving the way for a continued upward move.Overall, Gold continues to hold a positive bias, with the broader technical structure clearly supporting trend continuation. As long as prices remain above the key 145,000 support, the bullish setup stays intact. With momentum indicators and overall market sentiment remaining favourable, the precious metal appears well positioned for further upside in the sessions ahead.

MCX Gold Trading Strategy

MCX Silver Price Outlook

MCX Silver has posted fresh all-time highs for the fourth straight week, extending the sequence of higher highs that has been in place for several months. With no clear signs of momentum easing, the overall bias remains positive, and any corrective moves are likely to draw buying interest. We recommend trading in alignment with the prevailing trend, which remains firmly bullish, and avoiding positions that go against this strong upward momentum.Silver’s rally at the start of the week has highlighted a renewed strength in the trend, boosting the likelihood of further upside. As long as prices remain above the weekly support levels, the bullish bias should stay intact. The immediate key support is seen near the 310,000 zone, which could present a favourable buying opportunity. Any pullback toward this area is expected to attract fresh buying interest, helping to stabilize prices and sustain upward momentum.On the upside, Silver looks well positioned to challenge the 360,000 resistance in the near to medium term. This anticipated move reflects a continuation of the current bullish phase, supported by strong momentum and favourable technical indicators. Overall, as long as prices stay firmly above the 310,000 support, Silver is expected to sustain its positive trend, with ample scope for further gains as bullish sentiment continues to build.

MCX Silver Trading Strategy

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)