Gold & silver price prediction today: Why Rs 1,22,000 is an important level for gold investors? Top things to know

The broader outlook remains constructive, traders should stay vigilant and responsive to global macro developments. (AI image)

Gold and silver price prediction today: Gold prices may move towards Rs 1,27,000 levels in the near term, though investors should watch out for a stop loss level of Rs 1,22,000, says says Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group. He shares his views on gold and silver:

MCX Gold Outlook

MCX Gold has been exhibiting a steady upward momentum, and this positive trend has opened the possibility of prices moving toward the ₹1,27,000 level in the near term. The recent price action suggests strong buying interest, supported by favorable global cues and renewed investor confidence. However, this optimism must be balanced with caution, as the upcoming week is expected to be data-heavy. A series of key economic releases from the United States—delayed due to the recent government shutdown—could inject volatility into global markets, including commodities like gold.Given this backdrop, traders are advised to maintain disciplined risk management. A strict stop-loss at ₹1,22,000 is recommended to protect long positions. This level has been acting as a crucial support zone; a break below it could indicate a shift in sentiment. If prices fall below this stop-loss, gold may witness a deeper correction, potentially dragging it down toward the ₹1,18,000 mark, where the next major support lies.Overall, while the broader outlook remains constructive, traders should stay vigilant and responsive to global macro developments. With significant US economic data on the way, adopting a cautious yet strategic approach will be essential for navigating short-term market fluctuations.

MCX Gold Trading Strategy

MCX Silver Outlook

MCX Silver has shown strong upward momentum, successfully moving above the ₹1,58,000 mark and gradually approaching its previous swing high near ₹1,65,800. This breakout reflects renewed strength in the bullion market, supported by improving sentiment, global uncertainty, and steady buying interest from investors seeking safety. The price action suggests that silver may continue its upward journey if bullish conditions persist, especially with supportive cues from international markets.However, despite the encouraging trend, traders should remain cautious. Much like gold, silver is also sensitive to global economic data, currency movements, and macro-level developments. With several important economic indicators expected from the US this week—following delays caused by the recent government shutdown—volatility may rise across precious metals.To manage this potential risk, it is advisable to maintain a strict stop-loss at ₹1,55,500. This level serves as a crucial support area and helps protect against sudden downside moves. If silver fails to sustain above this threshold, it could trigger profit-booking or aggressive selling pressure, which may drag prices down toward the ₹1,45,000 level, where the next major support exists.Overall, while the broader trend remains constructive, adopting disciplined risk management and monitoring global cues closely will be essential for navigating the short-term movements in MCX Silver.

MCX Silver Trading Strategy

(Disclaimer: Recommendations and views on the stock market, other asset classes or personal finance management tips given by experts are their own. These opinions do not represent the views of The Times of India)