Gold rates and silver rates have been volatile in the last few weeks. (AI image)

Gold and silver price prediction: Gold rates and silver rates have been volatile in the last few weeks, though recently there are signs of MCX Gold and MCX Silver rising. Precious metal prices are affected by worldwide geopolitical developments and market sentiment shifts following Donald Trump’s tariff-related rulings. What’s the outlook for gold and silver prices and what should investors do? Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group shares his views:MCX Gold OutlookMCX Gold has recently surpassed its previous swing high of ₹97,700 (August 2025), signalling a bullish breakout from a falling channel pattern. This technical shift marks the end of a series of lower highs and lower lows, indicating a potential trend reversal. The immediate resistance is at ₹99,900, the all-time high, with crucial support at ₹97,650.This bullish momentum is supported by factors such as safe-haven demand amid geopolitical tensions and volatility in the US dollar index. Additionally, expectations of a rate cut by the US Federal Reserve have further bolstered investor sentiment, contributing to gold’s upward trajectory.In summary, MCX Gold’s recent breakout above ₹97,700 suggests a shift towards a bullish trend, with the all-time high of ₹99,900 serving as the next target. Investors should monitor support at ₹97,650 for potential reversals.MCX Gold Trading StrategyCMP: Rs 98,930Target: Rs 99,900Stoploss: Rs 97,650MCX Silver OutlookMCX Silver has recently surged to an intraday high of ₹101,500 per kilogram, extending its rally towards the ₹103,700 mark. This upward movement not only signifies a potential breakout above its previous all-time high of ₹100,444 but also sets the stage for a new record if the momentum persists. Should prices sustain above ₹103,700, the next immediate target is ₹105,000.The bullish trend is underpinned by a confluence of factors, including heightened safe-haven demand amid global economic uncertainties, a declining US dollar index, and expectations of a potential rate cut by the US Federal Reserve. Additionally, silver’s industrial applications and investment appeal have contributed to its robust performance.Technically, the overall bias remains firmly positive, with support at ₹99,700. A failure to maintain above this level could lead to a retest of lower support zones. However, as long as prices hold above ₹99,700, the bullish outlook remains intact, with potential for further gains towards ₹105,000 and beyond.MCX Silver Trading StrategyCMP: Rs 1,01,500Target 1: Rs 1,03,700Target2: Rs 1,05,000Stoploss: Rs 99,700(Disclaimer: Recommendations and views on the stock market and other asset classes given by experts are their own. These opinions do not represent the views of The Times of India)