Should investors buy or sell gold and silver this Navratri week? Commodity Outlook for precious metal traders - Livemint

AI desk brief

Gold and silver recovered into the week’s end as easing US Treasury yields and a softer dollar offset lingering Fed-tightening risks, with domestic prices also supported by a weak rupee. MCX December gold rose ₹1,893 to ₹1,51,503/10g, up 1.27% on the day and about 1.3% for the week, while silver finished near ₹2,25,820/kg, up ₹65; traders are watching US inflation data, yields and Middle East tensions for the next catalyst.

Gold looks technically stronger: support is seen at ₹1,50,000–₹1,50,700, with resistance at ₹1,52,000–₹1,52,600 and then ₹1,54,000–₹1,54,700. Silver remains weaker despite stabilization, with resistance at ₹2,28,000–₹2,29,000 and support at ₹2,23,000–₹2,24,000; a close above ₹2,29,000 would be needed to confirm a more durable recovery.