Will gold head to Rs 1.45 lakh/10 gm & silver reach Rs 2.27 lakh per kg? Check outlook

Gold and silver price prediction today: Gold and silver prices are showing signs of recovery after a phase of weakness, says Abhilash Koikkara, Head - Forex & Commodities, Nuvama Professional Clients Group.MCX Gold Price OutlookMCX Gold is showing signs of a potential recovery after witnessing a phase of weakness, with technical indicators suggesting that prices may move higher in the near term. The immediate upside targets are placed at Rs 144,000 and Rs 145,000, while Rs 140,000 is expected to act as a strong support level. As long as prices remain above this support, the overall outlook continues to favor a rebound.From a technical perspective, most momentum oscillators have entered the oversold zone, indicating that the recent selling pressure may have been excessive. Historically, such conditions often precede a relief rally as bargain buying emerges and short positions are covered.