Gold price prediction today: Will gold prices continue to be volatile in the near term? Check outlook

Immediate support for gold is seen near ₹150,000 followed by ₹143,000, while the earlier target of ₹155,000 has been achieved. (AI image)

Gold price prediction today: Gold prices are likely to remain volatile this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. The expert shares his outlook for gold prices in the near term:Gold and silver witnessed another volatile yet constructive last week, with prices rebounding sharply after aggressive liquidation at the start of this month, as forced unwinding eased and value buying emerged across both metals. The earlier correction—triggered by a sharp dollar rebound, shifting Fed expectations, easing geopolitical risk premiums and heavy speculative positioning—appears to have run its course for now, allowing bullion to stabilise and recover. Gold rebounded decisively from the ₹141,000 zone, forming a clear V-shaped recovery on daily charts, while prices continue to sustain well above the key momentum pivot of ₹138,000, keeping the broader trend positive. Bollinger Bands, which had compressed during the correction, have begun to expand again with prices moving towards the upper band, signalling a revival in directional strength supported by improving volumes.Immediate support for gold is seen near ₹150,000 followed by ₹143,000, while the earlier target of ₹155,000 has been achieved; any sustained close above this level could open the path towards ₹165,000 and ₹171,000 from a short to medium-term perspective.Despite a relatively firm dollar and lingering policy uncertainty, safe-haven demand remains underpinned by central-bank buying, renewed geopolitical and fiscal concerns. Domestically, a rebound in USDINR from recent lows has lent support to MCX prices. Markets will remain sensitive this week to US inflation, retail sales, PMI data and the delayed non-farm payrolls release, along with policy commentary, which are likely to keep intraday swings sharp even as the broader bullion bias stays supportive.(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)