3 days ago
Gold and Silver Futures Poised for Further Gains
Gold and silver prices went up last week.
The analysis expects both metals could rise further.
Gold may move above ₹1,55,000 and possibly reach ₹1,67,000.
Silver may rise above ₹2,45,000 and potentially reach ₹2,60,000.
Gold has important support around ₹1,50,000.
Silver has support around ₹2,30,000.
If prices fall below these levels, they could decline more.
The suggested trades use stop-losses to limit possible losses and profit targets to close the trades.
Gold rose 0.7% to $4,378.40 an ounce, while silver gained 2.7% to $66.30.
Domestic gold futures increased 1% to ₹1,54,381 per 10 grams, and silver futures rose 2.8% to ₹2,41,603 per kilogram.
Gold futures are expected to move above ₹1,55,000 and potentially reach ₹1,67,000.
Silver futures may surpass ₹2,45,000 and extend their rally toward ₹2,60,000.
A break below ₹1,50,000 for gold or ₹2,30,000 for silver would weaken the outlook.
- Who
- Gold and silver futures traders and market analysts.
- What
- Gold and silver futures rallied, with the analysis forecasting further gains while identifying downside risks.
- Where
- The international bullion market and India’s domestic MCX futures market.
- When
- The analysis was published on September 19, 2026, following price movements during the previous week.
- Why
- Gold and silver gained momentum after finding support at key price levels, encouraging a bullish near-term outlook.
Bullish outlook
Bearish risk
Gold price direction
Bullish outlook
Gold futures are expected to break above ₹1,55,000 and potentially rally to ₹1,67,000, with a breach below ₹1,50,000 described as unlikely.
Bearish risk
If gold futures fall below ₹1,50,000, the outlook could turn bearish, with possible declines to ₹1,44,000 and then ₹1,40,000.
Silver price direction
Bullish outlook
Silver futures are expected to surpass ₹2,45,000 and extend their upswing toward ₹2,60,000.
Bearish risk
A fall below the ₹2,30,000 support level could lead to a deeper decline toward ₹2,18,500.
Trade management
Bullish outlook
The analysis recommends retaining long positions and raising stop-loss levels as prices advance toward the stated targets.
Bearish risk
The specified stop-losses are intended to exit the trades if prices move against the bullish outlook.
Key facts
- International gold price
- $4,378.40 per ounce, up 0.7%
- International silver price
- $66.30 per ounce, up 2.7%
- Domestic gold futures
- ₹1,54,381 per 10 grams, up 1%
- Domestic silver futures
- ₹2,41,603 per kilogram, up 2.8%
- Gold upside target
- ₹1,67,000
- Silver upside target
- ₹2,60,000
- Publication date
- September 19, 2026
Sources
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