Archive · 2 Aug 2025
Gold Steadies, Silver Dips: Market Analysis
Imagine gold and silver prices as a game.
Last week, gold did a little better, and silver didn't do so well.
In India, gold's price went up a bit, but silver went down more.
Gold prices went up on Friday.
Experts suggest that traders keep buying gold, aiming for a certain price.
Silver is having a harder time and might drop further before possibly going up again.
Gold futures on MCX gained 1% domestically, while silver futures decreased by 2.5%.
Globally, gold increased by 0.8%, while silver decreased by 3%.
MCX gold futures rallied on Friday after being flat until Thursday.
Analysts suggest retaining long positions on gold futures with a target of ₹1,01,500.
Silver futures faced resistance at ₹1,14,000 and are expected to potentially fall to ₹1,08,200.
- Who
- Gold and Silver futures.
- What
- The price of gold and silver, in both the domestic and global markets.
- When
- Last week, ending August 2, 2025.
- Where
- Global markets and the Indian MCX.
- Why
- Market fluctuations and trading activity.
Gold
Silver
Trading Strategy
Gold
Retain the longs initiated on gold futures (Oct) at ₹98,700. Target and stop-loss can be ₹1,01,500 and ₹97,650 respectively.
Silver
N/A
- Gold Futures (Oct) Gain
- 1% (domestic)
- Silver Futures (Sep) Loss
- 2.5% (domestic)
- Gold Global Increase
- 0.8%
- Silver Global Decrease
- 3%
- MCX Gold (₹)
- 99,754
- MCX Silver (₹)
- 1,10,258
