Ahead of next week’s Fed policy meeting, gold price today is once again in the spotlight of global market. In India, gold prices remained stable on Thursday’s trading, reflecting investors’ cautious stance as they hold back ahead of clarity on the direction of U.S. interest rates. MCX data shows gold opened at Rs 1,30,799 per 10 grams, slightly higher than the previous close, and last traded at Rs 1,30,414. Currently, gold price today in India is Rs 129,837, reflecting a minor decrease of 0.48%. Simultaneously, silver prices have dropped by 1.35% to settle at Rs 179,890, indicating a downward trend for valuable metals during Asian market hours.
The most recent trading session was shaky, according to Rahul Kalantri, VP of Commodities at Mehta Equities Ltd. “Gold and silver traded with sharp intraday volatility, rebounding from the day’s lows but failing to sustain gains, ultimately closing flat,” he clarified. He claimed that the market’s reaction to US economic statistics and the geopolitical environment were what caused this volatility. “The weak data pushed the dollar index below the 99 mark, giving additional momentum to precious metals,” Kalantri continued. Investors continue to rely on gold’s strength as a safe haven despite growing geopolitical dangers.
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Additionally, he identified key technical levels for gold price today, including resistance around $4270–4295 and support at $4175–4145. In the meantime, the INR has resistance at Rs 1,30,950–1,31,700 and support at Rs 1,29,450–1,28,750.
The Price in UK editorial team also received another report from Ross Maxwell, Global Strategy Lead at VT Markets, offered fresh perspectives on the global scene. He concluded that a number of favorable variables contributed to the movement of gold in 2025. “Safe-haven demand was supported by ongoing geopolitical tensions, policy uncertainty, and a softer US dollar,” he stated. He also mentioned the devaluation of the Indian rupee and aggressive central bank accumulation as significant price drivers.
According to Maxwell, the recent decline in the gold price today might be viewed as a positive development given its current state and expectations for 2026. “After a strong rally in 2025, I see the recent correction as a healthy consolidation steady accumulation or buying on dips is more prudent,” he stated.
He did, however, caution about a number of concerns that might affect gold price today and in the coming year, such as a strengthening US dollar, an increase in real interest rates, and a drop in central banks’ purchases of gold following their large buying binge in 2025.
Gold prices are predicted to continue to be the focus of investors looking for safe assets amid economic turmoil due to a mix of global uncertainty, stubbornly rising inflation, and erratic monetary policy. What do you think about these experts’ analysis of today’s gold price?
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