Gold and silver prices moved higher on the Multi Commodity Exchange (MCX) on February 25, reflecting steady buying interest even as markets remain cautious after recent volatility. Experts say both precious metals are currently consolidating, but the broader trend still appears supportive.
At the time of writing on February 25, MCX gold was trading at Rs 1,61,329 per 10 grams, up Rs 1,360 or 0.85%. Silver prices saw a sharper rise, gaining Rs 7,466 or 2.86% to trade at Rs 2,68,210 per kg.
GOLD CONSOLIDATES BUT TREND REMAINS SUPPORTIVE
According to Ponmudi R, CEO of Enrich Money, gold futures are currently moving in the Rs 1,55,000 to Rs 1,62,000 range after correcting from lifetime highs near Rs 1,80,000–Rs 1,81,000.
He noted that while short-term movement shows consolidation, the overall structure remains strong. Demand has been particularly steady in the Rs 1,45,000 to Rs 1,55,000 zone, which is acting as a key support level.
If prices remain above this base and break past Rs 1,65,000, gold could regain momentum and move towards Rs 1,70,000–Rs 1,75,000 in the medium term, he added.
SILVER HOLDS FIRM DESPITE SHORT-TERM CORRECTIONS
Silver, which tends to be more volatile than gold, has also been moving within a consolidation range after earlier gains. However, its long-term outlook remains positive.
Silver futures are currently trading in the Rs 2,60,000 to Rs 2,80,000 range after a period of consolidation. Although short-term movement shows some correction, the long-term trend remains positive.
Ponmudi explained, “MCX Silver futures are trading around Rs 2,60,000–Rs 2,80,000 following consolidation. While the long-term bullish framework remains intact, short-term momentum reflects corrective undertones. Key support is placed at Rs 2,25,000–Rs 2,35,000.”
BUYING SUPPORT KEEPS GOLD’S OUTLOOK POSITIVE
Aksha Kamboj, Vice President of the India Bullion and Jewellers Association (IBJA) and Executive Chairperson of Aspect Global Ventures, said,
“Gold is currently edging higher from the previous session as consistent buying support sustains the positive momentum. This is despite traders being cautious about volatility in the near term.”
She added that gold appears to be strengthening gradually after recent fluctuations and continues to maintain a positive outlook.
INDUSTRIAL DEMAND KEEPS SILVER SENTIMENT POSITIVE
Silver has seen some mild profit-booking after its recent rally, but the broader sentiment remains strong, supported by industrial demand.
Kamboj said, “Silver is easing slightly from the previous session after a strong rebound. The slight easing in prices indicates some profit-taking at higher levels, but overall market sentiment remains positive due to improving industrial demand trends.”
She added that silver is still trading within a strong range, which suggests that its overall upward momentum remains intact.
WHAT INVESTORS SHOULD WATCH
Experts believe both gold and silver are currently in a consolidation phase after sharp moves earlier. Key support and resistance levels will play an important role in deciding the next trend.
If global uncertainty and investment demand continue, precious metals may see further gains in the coming months, making them closely watched assets for investors.
