Gold Price Today Live: Where is the stock market headed today?
Anand James, Chief Market Strategist, Geojit Investments Limited says, “We will go in today, expecting a test of the lower extremity of the 25700-26220 range set early this week. Bearish bias should persist initially, but a large downside, with potential for 25500 initially, followed by 24571, the month’s low, will be brought into contention only if a fall and close past 25650 holds. Alternatively, ability to float above 25750 could signal easing of bearish momentum, but we would require a reclaiming of 25830/900 levels to signal positivity.”
Silver Price Today Live: What are the important factors?
Emkay Wealth has said that the extent of additional gains in gold and silver prices will largely hinge on global economic conditions and policy direction. A slowdown in worldwide growth along with supportive monetary policies is likely to remain favourable for gold and silver prices.
On the other hand, a stronger-than-anticipated rebound in the US economy or continued strength in the US dollar could ease the pace of gains in the near term. For investors in India, exchange-rate movements continue to play an important role, as a sharp strengthening of the rupee may limit returns even if international prices remain steady.
Gold Price Today Live: Why gold prices have been rising
Gold prices have been on a consistent upward trajectory for more than eighteen months, driven largely by expectations that the US Federal Reserve may move toward interest rate cuts, which in turn could weaken the US dollar. Historically, periods marked by declining interest rates and a softer dollar have provided favourable conditions for precious metals. Alongside this, steady purchases by central banks and large institutional investors since 2022 have offered sustained support to prices and helped reduce downside pressure.