3 weeks ago
Gold and Silver Futures Rally, Technical Momentum Signals Further Gains
Gold and silver prices rose strongly last week.
Gold futures in India reached about ₹1,62,438 per 10 grams.
Silver futures reached about ₹2,46,597 per kilogram.
The analysis says gold has strong upward momentum.
Gold may first dip slightly before moving toward ₹1,70,000.
If gold falls below ₹1,60,000, it could decline further to ₹1,55,000.
Silver found support at ₹2,30,000 and then moved above ₹2,40,000.
The analysis expects silver to approach ₹2,60,000, although a fall below ₹2,40,000 could lead to a deeper decline.
Gold rose 5.2% to $4,603 an ounce last week, while silver gained 6.6% to $69.
Domestic gold futures increased 5.1% to ₹1,62,438 per 10 grams, and silver futures rose 4.5% to ₹2,46,597 per kilogram.
Gold futures broke above ₹1,55,000 and could advance toward resistance at ₹1,70,000.
A temporary decline in gold toward ₹1,60,000 is possible; a break below that level could expose ₹1,55,000.
Silver futures found support at ₹2,30,000, broke above ₹2,40,000, and are projected to reach ₹2,60,000.
- Who
- Gold and silver futures traders and market analysts.
- What
- Gold and silver prices rallied, with the analysis projecting further gains based on technical levels.
- Where
- International prices and India's domestic futures market, including the MCX.
- When
- The rally occurred during the week before August 22, 2026; the article was published on August 22, 2026.
- Why
- The analysis attributes the outlook to strong upward momentum, support levels, moving averages, and breakouts above key price barriers.
Key facts
- Publication date
- August 22, 2026
- International gold price
- $4,603 per ounce, up 5.2% last week
- International silver price
- $69 per ounce, up 6.6% last week
- Domestic gold futures
- ₹1,62,438 per 10 grams, up 5.1%
- Domestic silver futures
- ₹2,46,597 per kilogram, up 4.5%
- Gold projection
- Potential near-term target of ₹1,70,000
- Silver projection
- Potential near-term target of ₹2,60,000
Sources
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