Gold, silver prices: Where are precious metals headed? Support, resistance levels - Business Today

AI desk brief

Gold and silver are under pressure as a stronger US dollar and lingering uncertainty over the Fed’s rate path cap recovery, with elevated crude oil keeping energy-driven inflation and a restrictive policy bias in focus. The note flags US CPI as the next key catalyst: hotter-than-expected inflation would likely lift the dollar and bond yields and weigh on bullion, while softer CPI could ease that pressure and support metals.

Technical levels cited put international gold support at $4,100/oz and resistance at $4,240/oz; MCX gold support is seen at ₹1,48,000 per 10 grams with resistance at ₹1,51,500. For silver, support is $58.50/oz and resistance $62.50/oz, while domestic silver support is ₹2,17,500/kg.