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Expectations of a possible peace agreement between Iran and global turmoil have once again provided significant support to precious metals, bringing back the bullion market to a vibrant start. Gold rose by a remarkable 0.50 percent to reach ₹1,43,607 per 10 grams on the Multi Commodity Exchange (MCX) at around 9:05 am today. Silver, on the other hand, is also experiencing a strong rally, jumping 1.11 percent to trade at a high of ₹2,19,150 per kilogram. Gold and silver prices are strengthening both in the domestic market and internationally.

Why the sudden surge in gold and silver prices?

Several major geopolitical and economic factors are behind this sudden surge in precious metals. Mixed signals are constantly emerging regarding the ongoing talks between the US and Iran. US President Donald Trump recently stated that talks with Iran would be held, but Iran, on the other hand, denied this and clarified that no discussions are currently underway with the US.

Furthermore, the escalating tensions between the US and Iran have significantly increased energy prices. This is deepening fears that inflation could remain elevated for a prolonged period. To control inflation, major central banks around the world may have to raise interest rates once again. Although gold is traditionally considered a strong hedge against inflation, higher interest rates also put some pressure on it because gold does not pay any interest.

What do market experts say? Key Gold and Silver Levels

Regarding the future of gold and silver prices, Jatin Trivedi, VP Research Analyst at LKP Securities, believes that investors will be focused on the US Federal Reserve’s policy direction in the coming days, which remains the biggest and most important factor in bullion market prices. Technically, gold on MCX could trade between Rs 1,42,000 and Rs 1,45,000 in the near future.

Meanwhile, according to Manoj Kumar Jain of PrithviFinmart Commodity Research, gold is finding strong support around $4,064 and $4,030 per ounce in the international market, while resistance could be seen at $4,120 and $4,150 on the upside. As for silver, support may remain at $57 and $56.40 internationally, and resistance at $59.50 and $60.20.

Similarly, for gold on MCX, Jain predicts support at ₹1,42,200 and ₹1,41,400, and resistance at ₹1,43,650 and ₹1,44,500. Furthermore, support for silver is seen at ₹2,15,000 and ₹2,13,300, and resistance at ₹2,18,800 and ₹2,21,000.

What is the special advice for investors?

Experts say that investors who have adopted a timely strategy are benefiting from market fluctuations. According to experts, investors should strictly adhere to stop-loss measures in their trades and book profits as soon as prices reach their target levels to avoid any significant risk.

(Disclaimer: The experts’ recommendations, suggestions, and opinions expressed here are entirely their own and not those of any publication. Investing in the commodity market is subject to market risks, so please consult your financial advisor before making any investment.)