Gold Silver Forecast For Today: MCX Gold October futures opened marginally lower at Rs 69,302 per 10 gram, while MCX Silver September futures rose marginally. Ongoing volatility is expected due to geopolitical tensions and fluctuations in the dollar index, prompting cautious trading.
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Neal Bhai said, “The overall fundamentals of precious metals are strong and prices may find support at lower levels due to geopolitical tensions and global uncertainties. We expect gold and silver prices to remain volatile this week amid volatility in the dollar index and geopolitical tensions.”
Range for Gold and Silver by Neal Bhai Reports:
- MCX Gold is finding support at 68,700-68,500 and resistance at 69,900-70,100 on MCX.
- MCX Silver is finding support at 78,300-77,800 and resistance at 80,500-81,000 on MCX.
“We suggest traders to remain cautious due to a lot of volatility in the market and investors can buy slowly on every dip,” Neal Bhai added.
“We suggest traders to remain cautious due to a lot of volatility in the market and investors can buy slowly on every dip,” Neal Bhai added.
Disclaimer: The recommendations, suggestions, views and opinions given by experts are their own. These do not represent the views of GoldSilverReports.com
