After 4 days of gains, gold and silver saw mild profit booking; gold October futures fell Rs 243 to Rs 1,01,095/10g, silver dropped Rs 132 to Rs 1,13,372/kg.
Safe-haven demand remained strong due to U.S. tariff threats on India and weak U.S. equities, with gold near key resistance at $3,454/oz.
Analysts expect volatile price action amid dollar index swings; gold may range between $3,360–3,480/oz, silver between $35.80–38.40/oz this week.
MCX trading levels: Gold support at Rs 1,00,650–1,00,850; resistance at Rs 1,01,750–1,02,200. Silver buy suggested at Rs 1,13,000–1,12,500 with targets up to Rs 1,15,500.
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