Gold Price Fall Prediction: Analysts’ Views
- Gold and silver prices experienced fluctuations as the dollar index rebounded.
- Similarly, silver July futures contracts opened higher, gaining ₹566, or 0.58%, to reach ₹98,041 per kilogram.
- International markets saw heavy selling pressure on gold and silver as the dollar index strengthened following the U.S.
Understand the shifting tides in the gold market! Major analysts offer clear insights into current volatility, predicting potential movements for gold and silver prices. Experts pinpoint crucial support and resistance levels for strategic trading as the dollar index rebounds. News Directory 3 presents an in-depth analysis of market influences, like geopolitical tensions and the upcoming FOMC meeting, which are set to affect the trajectory of precious metals. Discover the MCX ranges advised by Manoj Kumar Jain of Prithvifinmart Commodity Research and Jateen Trivedi from LKP Securities, which shape the future price movement. Moreover, grasp the key market drivers, and the impact of U.S. economic data.
What’s next?
Gold, Silver Prices Show Volatility Ahead of FOMC Meeting
Updated May 28, 2025
Gold and silver prices experienced fluctuations as the dollar index rebounded. June gold futures on the Multi Commodity Exchange (MCX) initially opened flat but later rose by 0.36% to ₹95,490 per 10 grams. This jump represents an increase of nearly ₹350 from Tuesday’s closing price.
Similarly, silver July futures contracts opened higher, gaining ₹566, or 0.58%, to reach ₹98,041 per kilogram. Both precious metals had previously settled lower in domestic and international markets.
International markets saw heavy selling pressure on gold and silver as the dollar index strengthened following the U.S. President’s postponement of trade tariffs with the European Union. Gains in U.S.equity markets also reduced safe-haven demand for precious metals.
The US Dollar Index (DXY) hovered near 99.80, up by 0.28%. Better-than-expected U.S. durable goods orders and consumer confidence data also contributed to the downward pressure on bullion prices. Though, ongoing U.S. trade tariff uncertainty and geopolitical tensions could provide support for precious metals at lower levels.
“We expect gold and silver prices to remain volatile this week amid volatility in the dollar index, geopolitical tensions and ahead of the FOMC meeting minutes; gold prices could hold its support level of $3,200 per troy ounce and silver prices could also hold $31.80 per troy ounce levels on a weekly closing basis,” said Manoj Kumar Jain of Prithvifinmart Commodity Research.
Jain suggested the following MCX ranges:
- Gold support: ₹94,800-94,400; resistance: ₹95,500-96,000
- Silver support: ₹96,650-96,000; resistance: ₹98,250-99,100
Jain advises buying gold and silver as long as they maintain key support levels of ₹94,400 and ₹96,650,respectively,on a closing basis. He anticipates gold perhaps retesting ₹96,000 and silver possibly retesting ₹98,250-99,000 in upcoming sessions.
Jateen Trivedi, VP Research Analyst at LKP Securities, noted that Comex gold is expected to trade between $3,250 and $3,325 in the international market, while the domestic outlook shifts to ₹93,000–₹96,000.
“In the international market, Comex gold is expected to trade in a lower range of $3,250 to $3,325, while the domestic outlook now shifts to Rs 93,000–Rs 96,000,” noted Jateen Trivedi, VP Research Analyst – Commodity and Currency at LKP Securities.
Deveya Gaglani, Senior Research Analyst at Axis Securities, anticipates continued volatility this week, driven by key macro triggers such as the release of FOMC meeting minutes and preliminary U.S.GDP data.
“Looking ahead, volatility is expected to remain elevated this week, with key macro triggers including the release of FOMC meeting minutes and prelim U.S. GDP data,” said Deveya Gaglani, Senior Research Analyst – Commodities at Axis Securities.
What’s next
Market participants will closely monitor the dollar index, geopolitical developments, and upcoming economic data releases, including the FOMC meeting minutes, to gauge the future direction of gold and silver prices.