Gold, silver prices today: Bullion outlook remains bullish; silver looks cheaper than gold - Business Today

AI desk brief

MCX gold rose ₹324 (+0.20%) to ₹1,59,320/10g, after touching an intraday high of ₹1,59,741. The tone remains constructive for bullion: lower crude prices are easing inflation fears and reducing the odds of further Fed tightening, while the dollar slipping below 99 is also supportive for precious metals.

Ajay Kedia said buying interest has returned in gold and silver after the recent pullback, with central-bank purchases and rising ETF inflows adding underlying support. The market is now focused on Fed signals, including comments from Chair Kevin Warsh at Jackson Hole, for clues on the rate path and real-yield direction.

On the outlook, Monarch PMS sees gold at $4,300-$4,700/oz and silver at $70-$85/oz by end-2026 in its base case (55% probability). In its bullish case (25% probability), it projects gold at $5,000-$5,600/oz and silver at $95-$120/oz if labour-market weakness triggers easing, real yields fall, institutional demand returns, and physical silver tightness deepens.