Gold prices slip by Rs 200 to trade at Rs 99,235/10g ahead of Jerome Powell’s speech. Should you buy the dip?

Gold October futures fell 0.2% to Rs 99,235/10g; silver September contracts down 0.17% to Rs 1,13,515/kg, ahead of Fed Chair Powell’s Jackson Hole speech.

Both metals show high volatility after U.S. jobless claims surged to 2,35,000.

Gold support: Rs 99,100–98,650; resistance: Rs 99,720–1,00,100. Silver support: Rs 1,13,000–1,12,200; resistance: Rs 1,14,400–1,15,115.

Trade strategy: Buy dips in gold and silver; stop loss Rs 98,660 for gold, monitor resistance levels for rallies.