Gold October futures rose 0.03% to Rs 1,01,575, while silver September futures hit a record Rs 1,16,850, supported by safe-haven demand amid U.S. tariffs and geopolitical tensions.
Market expects a 25-basis-point Fed rate cut; dollar weakness and rupee lows further boosted domestic bullion prices.
Gold may rise toward Rs 1,02,500 if above Rs 1,01,500; silver could reach Rs 1,20,000 after sustaining above Rs 1,16,000.
MCX support/resistance levels: Gold Rs 1,00,720–1,01,850, Silver Rs 1,14,400–1,17,400; strategy: book gold near Rs 1,02,000, accumulate silver Rs 1,14,000–1,15,500.
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