Gold, Silver Rate Today Live Updates: Gold prices on track for weekly decline as oil prices continue to rise

Manoj Kumar Jain of Prithvi Finmart told ET that he expects gold and silver prices to remain highly volatile during today’s trading session. He attributes this to ongoing movement in the dollar index, fluctuations in crude oil prices, and lingering uncertainty surrounding a potential peace agreement between the United States and Iran.

For gold in international markets, Jain identifies immediate support in the $4,681-$4,640 per troy ounce range. On the upside, he sees resistance between $4,755 and $4,790 per troy ounce.

For silver, support is placed at $72-$68 per troy ounce, while resistance is expected in the $78-$80.40 range.

On the domestic front, gold on the Multi Commodity Exchange of India is likely to find support between Rs 1,55,000 and Rs 1,49,800. Resistance is seen in the Rs 1,52,350-Rs 1,53,100 zone.

Silver on MCX has support in the Rs 2,38,800-Rs 2,34,000 range, while resistance is pegged between Rs 2,45,000 and Rs 2,48,500.

Given the current uncertainty, Jain recommends waiting for clearer price stability in the bullion market before initiating any fresh trades.