Archive · 23 May 2025
Gold Prices Hit Two-Week High Amid Market Volatility
Gold prices briefly rose to a two-week high but faced pressure from profit-taking and global market changes.
Experts are watching how bonds and Bitcoin are doing.
Support levels are around $3,240 for gold, with prices fluctuating due to bond yields, Bitcoin gains, and geopolitical tensions.
One expert advises buying gold and silver when their prices fall.
Gold prices reached a two-week high on the MCX.
Both gold and silver showed initial gains, later giving up some gains.
Global bond market volatility and Bitcoin gains prompted profit-taking.
Safe-haven demand may persist due to global equities weakness and geopolitical issues.
Experts suggest buying gold and silver during dips.
- Who
- Intraday traders and investors.
- What
- Analysis of gold and silver price movements.
- When
- The analysis is for the current trading day.
- Where
- MCX gold and silver markets.
- Why
- Due to profit-taking, global bond market fluctuations, and geopolitical tensions.
Bearish Factors
Bullish Factors
Market Outlook
Bearish Factors
Global bond market fluctuations, rising Bitcoin values, and profit-taking are contributing to price corrections.
Bullish Factors
Jain recommends buying gold and silver during dips.
- MCX Gold June 2025
- ₹95,600/10 grams
- Silver July Futures
- ₹98,051/kg
- Gold Support Levels
- ₹95,050-94,600
- Gold Resistance Levels
- ₹96,000-96,650
- Silver Support Levels
- ₹97,000-96,300
- Silver Resistance Levels
- ₹98,500-99,300
Sources
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