Bullion Cues: Gold & silver maintain positive bias

Sat June 21 2025

Precious metals witnessed some moderation in price last week. Gold ($3,369/ounce) lost 1.9 per cent and silver ($36/ounce) was down nearly 1 per cent last week. Similarly, in the domestic market, gold futures (₹99,109/10 gm) depreciated 1.2 per cent and silver futures (₹1,06,224/kg) was down 0.3 per cent.

The yellow metal was on a decline through the week in the global market. However, it has not broken the uptrend. There are key support levels at $3,300 and $3,200.

For the short-term trend to turn bearish, the support at a further lower level of $3,120 should be taken out. In that case, we can expect a fall to $3,000 or even lower levels.

Source: https://www.thehindubusinessline.com/