Analysts expect gold and silver prices to remain range-bound next week, with limited upside due to a firm US dollar and elevated interest rates. Market watchers say geopolitical tensions in West Asia and upcoming US Federal Reserve signals will be key drivers of short-term price movements.
On March 29, 2026, commodity analysts projected that gold and silver will consolidate in a narrow range during the coming week. While safe-haven demand remains supportive, macroeconomic data releases and Fed Chair Jerome Powell’s speech are expected to cap major rallies.
Market Outlook
Gold: Spot gold is likely to hover between $4,184 and $4,768 per ounce, with resistance near $4,610 and support around $4,306.
Silver: Prices are expected to trade between $54 and $79 per ounce, with volatility driven by global risk sentiment.
Domestic Context: In India, gold traded near ₹141,124 per 10g on MCX, with silver around ₹221,365 per kg.
Key Drivers
Geopolitical Risks: Any escalation or de-escalation in West Asia could sharply move bullion prices.
US Federal Reserve: Powell’s speech and comments from Fed officials will influence monetary policy expectations.
Economic Data: PMI readings, consumer sentiment, and jobless claims from major economies will provide cues.
Crude Oil Prices: Rising oil costs may indirectly support safe-haven demand for precious metals.
Key Highlights
• Gold and silver expected to remain range-bound next week
• Analysts cite firm US dollar and high interest rates as limiting factors
• Geopolitical tensions in West Asia could trigger volatility
• Fed Chair Powell’s speech and PMI data closely watched
• Domestic MCX gold near ₹141,124 per 10g, silver around ₹221,365 per kg
Sources: Outlook Business, The Week, OneIndia, sQuareIndia Market Advisory