gold mcx futures

Gold prices are expected to remain steady this week, influenced by US-Iran talks and upcoming US economic data. Silver, however, may continue to outperform due to geopolitical tensions and high crude oil prices. Investors await signals on the Federal Reserve's next policy move amidst shifting statements from Washington and Tehran.

Gold price prediction today: For both gold and silver prices, the near-term outlook remains weak, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Gold prices surged on Monday, buoyed by global market optimism stemming from potential US-Iran peace talks. Retail rates in major Indian cities also climbed, with 22K, 24K, and 18K gold seeing gains. Analysts attribute this rise to a weaker US dollar and easing crude oil prices, signaling reduced inflationary fears and supporting precious metal markets.

Gold price prediction today: Gold prices are seeing a weak intra-day bias, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities. He recommends a sell on rise strategy:

Gold and silver prices are expected to trade within a narrow band this week, with investors closely watching US-Iran peace talks and key global economic data. Analysts noted that while gold's momentum appears steady, silver shows positive movement. Geopolitical tensions and central bank buying are also influencing precious metal markets.

Gold price prediction today: Gold and silver prices are likely to be range bound this week, says Vedika Narvekar, Research Analyst - Commodities & Currencies, Anand Rathi Shares and Stock Brokers.

Gold price prediction today: Gold prices continue to be volatile and a buy on dips strategy is recommended for today, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities recommends a buy on dip strategy.

Gold prices saw a dip in futures trade on Monday, influenced by weaker global cues and subdued spot demand. While futures declined, retail prices across major Indian cities presented a mixed picture, with some experiencing slight increases and others remaining steady. International gold futures also edged lower, reflecting cautious global trading sentiment.

Gold price prediction today: Gold prices are exhibiting weak signals on an intra-day basis, says Jateen Trivedi, VP Research Analyst - Commodity and Currency, LKP Securities recommends a buy on dip strategy.

Today is Akshaya Tritiya, an auspicious day in the Hindu calendars, believed to bring lasting prosperity and good fortune. Buying gold on this day is considered auspicious. Experts believe that returns on gold over the last few years reinforce its role as a long-term wealth preserver.

Global markets experienced significant volatility on Monday following the collapse of West Asia peace talks, pushing crude oil past $100 a barrel and reigniting inflation fears. Indian markets, though opening sharply lower, saw some recovery. Foreign funds divested heavily, while domestic investors showed buying interest, anticipating stock-specific opportunities amidst geopolitical uncertainties.

Gold prices in India displayed a mixed trend on Thursday. While futures trading saw a marginal increase on the MCX, supported by global cues, retail rates declined in several cities. However, select markets experienced a rise in gold prices due to local factors.