<\/p>
Precious metals saw sharp selling pressure this week as firm US dollar and a hawkish Federal Reserve outlook weighed on sentiment, offsetting the usual safe-haven demand amid geopolitical tensions, rising crude prices and weak equity markets.<\/p>
On the Multi Commodity Exchange (MCX), gold futures edged up 0.23% on the day to settle at Rs 144,825 per 10 grams. On a weekly basis, the metal recorded a steep fall of about Rs 13,641 per 10 grams, translating into a decline of around 8.6%.<\/p>
Silver followed a similar trend. MCX silver futures rose nearly 2% in the latest session to close at Rs 2,26,772 per kg, but still ended the week lower by about Rs 32,663, marking a decline of 12.59%.<\/p>
\u201cPrecious metals are set to enter the upcoming week under visible pressure, following a sharp corrective phase driven by profit-booking, a stronger US dollar, and mixed signals from ongoing Middle East geopolitical developments,\u201d said Ponmudi R, CEO of Enrich Money.<\/p>
Ponmudi noted that MCX Gold has faced meaningful corrective pressure after retreating from highs in the Rs 1,55,000\u2013Rs 1,60,000 range, currently consolidating around Rs 1,40,000\u2013Rs 145,000.<\/p>
\u201cHolding above Rs 1,42,000 remains important for a potential recovery toward Rs 1,50,000\u2013Rs 1,52,000, with further upside extending toward Rs 1,55,000\u2013Rs 1,60,000 if fresh triggers emerge,\u201d said Ponmudi. On the flip side, a decisive break below Rs 1,42,000 could drag prices down to the crucial demand zone of Rs 1,35,000\u2013Rs 1,40,000, he said<\/p>
Similarly, for MCX Silver, Ponmudi said a failure to hold the immediate Rs 2,20,000\u2013Rs 2,15,000 demand zone could expose silver to a deeper dive toward Rs 2,00,000 or even Rs 1,80,000.\u00a0<\/p>
\u201cSustaining above Rs 2,15,000 may support a recovery toward Rs 2,40,000, followed by Rs 2,50,000, with further upside possible if buying strength improves,\u201d Ponmudi said.<\/p>
\u201cHowever, structurally, the outlook remains positive. As per industry estimates, India\u2019s annual gold demand continues to hover in the range of 700\u2013800 tonnes, underlining its strong underlying consumption base,” said Chetan Thadeshwar, chairman & managing director of Shringar House of Mangalsutra.<\/p>
\u201cWe are already witnessing a positive demand response to the recent price softening, with buyers re-entering the market, particularly in the wedding segment. Historically, such corrections tend to unlock pent-up demand, and the same trend is now visible across key jewellery markets,\u201d Thadeshwar noted.<\/p>
\u201cConsumers are becoming more value-conscious and strategic in their purchases, but the emotional and cultural significance of gold ensures that demand remains resilient,\u201d Thadeshwar added.<\/p>
\u201cAfter testing previous highs, precious metals have entered a pullback phase, with prices now moving toward key support zones as caution dominates sentiment amid elevated event risks,\u201d Ponmudi stated.<\/p>
\u00a0\u201cA selective buy-on-dips strategy near strong support zones is preferred, as longer-term macro tailwinds remain supportive,\u201d Ponmudi said, noting that near-term pressures from dollar strength and any signs of geopolitical easing could limit upside momentum.
\u00a0<\/p> <\/div>
Disclaimer: Business Today provides stock market news for informational purposes only and should not be construed as investment advice. Readers are encouraged to consult with a qualified financial advisor before making any investment decisions.<\/i><\/p>
gold prices, silver prices, gold price today, gold rate, why is gold falling, silver price, mcx, gold futures, fed policy, mcx silver price, mcx gold price#Gold #silver #prices #drop #week #lies #ahead #precious #metals1774096587<\/p> ","protected":false},"excerpt":{"rendered":"
Precious metals saw sharp selling pressure this week as firm US dollar and a hawkish Federal Reserve outlook weighed on sentiment, offsetting the usual safe-haven demand amid geopolitical tensions, rising crude prices and weak equity markets. On the Multi Commodity Exchange (MCX), gold futures edged up 0.23% on the day to settle at Rs 144,825 […]<\/p>\n","protected":false},"author":1,"featured_media":4965,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[37],"tags":[1612,467,18238,2011,12895,4184,18235,12891,6943,6788,18239,6776,404,18240,1040,3062,7074,18236,1241,18237],"class_list":["post-4964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-content-marketing","tag-ahead","tag-drop","tag-fed-policy","tag-gold","tag-gold-futures","tag-gold-price-today","tag-gold-prices","tag-gold-rate","tag-lies","tag-mcx","tag-mcx-gold-price","tag-mcx-silver-price","tag-metals","tag-precious","tag-prices","tag-silver","tag-silver-price","tag-silver-prices","tag-week","tag-why-is-gold-falling"],"acf":[],"_links":{"self":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/4964","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=4964"}],"version-history":[{"count":0,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/posts\/4964\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=\/wp\/v2\/media\/4965"}],"wp:attachment":[{"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=4964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=4964"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/longzhuplatform.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=4964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}