Times of India·2 min read·medium

Gold price prediction: Where are gold and silver headed today?

S
SMRITI JAIN
Gold price prediction: Where are gold and silver headed today?
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Market analysts suggest that gold is showing renewed buying interest with a positive technical outlook, while silver remains comparatively weaker. Experts provide specific support and resistance levels for traders monitoring these precious metals.

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This analysis provides actionable financial data for investors and traders interested in the commodities market.

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Gold and silver price prediction today: Gold is seeing some fresh buying interest, while silver is weaker in comparison, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group. Here’s what the expert has to say:MCX Gold Price Outlook:MCX Gold has moved higher after taking support near the 147,000 levels, indicating renewed buying interest at lower levels. The price structure remains positive as gold continues to hold above its key support zone, suggesting that the broader uptrend is still intact. If the current momentum sustains, prices can move higher towards the 155,000 levels in the coming sessions.The 147,000 level remains an important support zone and should be closely monitored on a closing basis. As long as prices sustain above this level, the bullish setup remains intact, and any short-term dips towards the support zone could attract fresh buying interest.

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