Gold and Silver Price Prediction Today: What is the gold rate outlook for May 29, 2025 – Should you buy or sell?

Gold and Silver Price Prediction: MCX Gold and MCX Silver have recently shown considerable ups and downs, influenced by the influence of Donald Trump’s decisions about global political events and tariffs on the market. Despite the traditional status of gold as a safe investment option, the gold rate in the last few trading sessions has declined by recent high levels. Abhilash Koekra, Head – Forex and Commodities, Nuwama Professional Clients Group shared their views:MCX Gold OutlookGold prices have resumed the trend on its primary upwards after a brief consolidation phase within the 96,000-94,500 range. This consolidation acted as a healthy stagnation, so that the market could absorb the previous profit before continuing its speed. The breakout of this range renewed signs of renewing signals and reinforced the positive spirit underlying in the market of precious metals.Currently, prices are showing strong speeds and ready to test 98,000 level in the near period. The move is supported by a favorable macroeconomic conditions, including ongoing geopolitical stress, a weak currency, and frequent inflation concerns, which usually enhances the appeal of gold as a safe property. Additionally, the technical setup also suggests constant power, high high and high climbing with value action, which indicates continuous purchase pressure.The overall prejudice remains positive as long as the main support level of 94,500 persists gold. Any dip on the region can attract fresh purchases from investors and traders who are looking to capitalize on the trend of widespread boom. In summary, with motion formation and basic things supporting the move, gold prices are likely to maintain projections on their top, with 98,000 emerging as the next possible resistance area.MCX Gold StrategyCMP: 95600Target: 98000Stop Loss: 94350Mcx silver outlookMCX silver prices continue to demonstrate strong boom speeds, maintaining a trajectory on their top with a range of high and high climbing. This consistent value action reflects the trust and constant purchase interest of strong investors, suggesting that the current rally has more space to run. The overall market spirit is positive, supported by both technical and fundamental factors.Silver prices have broken the previous major resistance levels in recent seasons, which strengthens the tendency of faster. With this speed, prices are expected to move to 1,01,800 towards the next significant level. This goal is well within access. If the current speed persists, it is supported by strong demand from industrial and investment areas. In addition, macroeconomic uncertainty, including inflation pressure and posture volatility, continue to buy safe metals, especially in silver.Technically, the composition of high high and high climbing is a clear indication of an ongoing uptrend. As long as this formation remains intact, we will maintain a rapid approach. Any short -term improvement or pullback can be seen as purchasing opportunities rather than a change in trend. Finally, the approach to MCX silver remains strongly positive, as the next possible target in the current upward step with 1,01,800 levels.MCX Silver StrategyCMP: 98000Target: 101800Stop Loss: 95800(Disclaimer: Recommendations and views on stock markets and other asset classes given by experts are their own. These opinions do not represent the views of Times of India)