GoldPrice – Precious Metals Edge Higher on MCX Trade

GoldPrice – Gold and silver prices recorded gains on the Multi Commodity Exchange (MCX) on Tuesday, reflecting sustained buying activity even as traders navigate a period of market uncertainty.

Gold futures were trading at Rs 1,61,329 per 10 grams on February 25, marking an increase of Rs 1,360 or 0.85 percent. Silver outperformed with a sharper rise, climbing Rs 7,466 or 2.86 percent to Rs 2,68,210 per kilogram at the time of reporting.

Gold Trades in Narrow Band After Recent Highs

Market participants say gold is currently stabilizing after retreating from its record levels near Rs 1,80,000–Rs 1,81,000. According to Ponmudi R, Chief Executive Officer of Enrich Money, the yellow metal is moving within a defined range between Rs 1,55,000 and Rs 1,62,000.

He explained that while price action in the near term reflects consolidation, the broader technical setup continues to favor strength. Buying interest has remained firm in the Rs 1,45,000 to Rs 1,55,000 bracket, which is now considered an important support zone.

If gold sustains above this base and manages to cross Rs 1,65,000 decisively, analysts believe it could open the path toward Rs 1,70,000–Rs 1,75,000 over the medium term. However, traders are keeping a close watch on global cues and currency movements before building fresh positions.

Silver Remains Range-Bound Amid Volatility

Silver, known for sharper price swings compared to gold, is also moving within a defined range following earlier gains. Current trading levels indicate consolidation between Rs 2,60,000 and Rs 2,80,000 per kilogram.

Ponmudi noted that although silver’s long-term structure remains constructive, short-term indicators point to intermittent corrections. He identified the Rs 2,25,000–Rs 2,35,000 range as a significant support area that could cushion deeper declines if volatility increases.

The metal has historically mirrored gold’s broader direction but tends to react more sharply to shifts in sentiment. For now, analysts describe the ongoing movement as a pause rather than a reversal.

Steady Buying Lifts Gold Sentiment

Industry representatives also point to consistent demand supporting gold prices. Aksha Kamboj, Vice President of the India Bullion and Jewellers Association and Executive Chairperson of Aspect Global Ventures, said the metal is gradually strengthening after recent fluctuations.

She observed that despite caution in the market due to recent volatility, underlying buying interest has prevented any major decline. According to her, this steady demand is helping gold maintain a constructive outlook in the near term.

Traders remain attentive to global economic developments, inflation signals, and currency trends, all of which typically influence bullion prices. Even so, the current structure suggests that dips are attracting buyers.

Industrial Demand Supports Silver Outlook

Silver has experienced mild profit-booking after its recent rally, leading to slight easing in prices. However, broader sentiment remains supported by improving industrial demand trends.

Kamboj said that while some traders have chosen to lock in gains at elevated levels, the overall tone in the silver market continues to be positive. The metal’s dual role as both an investment asset and an industrial input provides additional support during periods of economic recovery.

Silver’s continued movement within a strong trading band indicates that its broader upward trajectory has not been disrupted, analysts added.

Key Levels to Guide Next Move

Market experts believe both gold and silver are undergoing a healthy consolidation phase following sharp advances in previous sessions. The next directional move is likely to depend on how prices behave around established support and resistance levels.

Investors are closely monitoring global uncertainty, currency fluctuations, and investment demand, which often shape trends in the precious metals market. If supportive factors persist, bullion prices could see further upside in the months ahead.

For now, analysts advise a watchful approach, with attention focused on technical thresholds and broader economic signals that may influence trading activity.